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$175,000
Est. payment /mo
2,570 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Frisco Original Donation
MLS Listing ID 21062174
Annual Tax Amount $1,944
Lot Size 2,570 Sqft
Acres 0.059
Property Sub-Type Unimproved Land
Property Description
Commercial Development Opportunity in Frisco's Revitalized Rail District This small corner lot in the redeveloping Frisco Rail District presents an excellent opportunity for commercial development. Located just two blocks from Main Street, the property is zoned Original Town Commercial - OTC and has all necessary utilities in place. The City of Frisco is investing over $70 million in the Rail District redevelopment project, which is scheduled for completion in mid-2026. This large-scale effort includes: Wider sidewalks and decorative pavers to enhance walkability. A new public parking garage to accommodate increased traffic. A new 4th Street Plaza to serve as a public gathering space for community events. This significant public investment, coupled with initiatives like the Frisco Rail District Reinvestment Grant Program, creates a compelling opportunity for equity-based growth. For instance, the median home price in the downtown Frisco 75034 area has increased from $499,000 to $865,000 in the last five years, demonstrating the substantial equity gains already being realized in the area. This lot is ideal for a variety of commercial ventures. A live-work studio residence, with an office or retail space, is just one example of a use that provides added value as the old downtown redevelops. This property is perfect for investors looking to rent, stabilize, and sell or developers following the traditional develop and sell model, taking advantage of the area's ongoing transformation to attract a vibrant daytime and nighttime economy.
Location
State TX
County Collin
Zoning Commericial
Direction Downtown Frisco, take First or Second Street from Main Street to Half Elm. Lot on the corner in front of the Gallegos park.
Exterior
Utilities Available City Sewer, City Water
Garage No
Building
Lot Description Corner Lot
Others
Ownership See Agent
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21062174
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Listed by Oracle Batie-Smith • Compass RE Texas, LLC.
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