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977 State Highway 121 - Lot 8
1.8 Acres of Commercial Land Offered at £1,972,500 in Allen, TX 75013
Investment Highlights
- Star Creek - 26 acre development anchored by Cinemark Movie Theatre and Lifetime Fitness
- Pad site with Highway 121 frontage/visibility
- Adjacent to new 460 unit Class "A" multifamily development delivering later this year
- 1.8 acre Pad site available for immediate development
- Site permits office, retail, medical, restaurant uses
- Strategically located along Highway 121, near the US-75 and Highway 121 Interchange
Executive Summary
Aerial video of the site : (https://vimeo.com/231748180)
Aerial still photography and ground level pictures of the site (http://apps2.shoot2sell.net/gallery/mls/963-tx-121-allen-tx/)
Pricing for each pad site.
• Lot 5 – available for sale. 1.695/acres (Asking price $25/sf)
• Lot 6 – available for sale. 2.484/acres (Asking price $27/sf) (we can combine lot 5 and lot 6 or amend the plat to shave off part of lot 6 and combine it with lot 5.)
• Lot 7 –available for sale. 2.793/acres (Sold)
• Lot 8 –Available for sale. 1.8/acres (Asking price $29/sf)
• Lot 9 – Sold. Ebby Halliday bought this site and developed a building on this land.
• Lot 11R – 1.5/acres. Sold
• Site in the back of the development is 7.4 acres total. Sold to a multifamily developer. They just broke ground on a 460 unit Class “A” multifamily development on this site.
Property Facts
| Price | £1,972,500 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| Sale Conditions | Proposed Use | ||
| No. Lots | 1 | Total Lot Size | 1.80 AC |
| Price | £1,972,500 |
| Sale Type | Investment or Owner User |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.80 AC |
1 Lot Available
Lot Lot 8
| Price | £1,972,500 | Lot Size | 1.80 AC |
| Price Per AC | £1,095,833 |
| Price | £1,972,500 |
| Price Per AC | £1,095,833 |
| Lot Size | 1.80 AC |
Star Creek development - 977 State Highway 121, Allen, TX. Last pad site remaining for sale. Lot 8, which is 1.8 acres in size. This is the lot next to Ebby Halliday’s building. Total land area = 78,408/sf (1.8/acres)
Description
The site is in a PD. The zoning allows pretty much any use except fast food with drive thrus and emergency care facilities with drive thrus. Any office, retail, restaurant, medical use is acceptable. All utilities are in place. Detention pond is in place. Pretty much shovel ready for development. Aerial video of the site : (https://vimeo.com/231748180) Aerial still photography and ground level pictures of the site (http://apps2.shoot2sell.net/gallery/mls/963-tx-121-allen-tx/) Multifamily development is under construction currently adjacent to this site. 460 unit Class “A” multifamily units being delivered on this site.
zoning
| Zoning Code | PD |
| PD |
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L.J. Erickson -
Duggan Realty Advisors LLC
Presented by
977 State Highway 121 - Lot 8
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