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109 Broadway st

0.08 Acres of Commercial Land Offered at $432,312 CAD in Prosper, TX 75078

Executive Summary

Don’t let this rare chance slip away! Presenting one of the last undeveloped commercial lots in the thriving Historic Downtown Prosper, this 25x140 ft parcel represents a golden investment opportunity. With a zero-lot-line, the entire space is primed for development, making it perfect for your vision of a mixed-use, multi-story building in one of the fastest-growing downtown districts. Imagine the possibilities—owners have crafted plans for an impressive three-story, nearly 6,000 sq ft mixed-use building, just waiting for your touch and city approval. What’s more, you'll receive all architectural drawings and stunning renderings that have already been created and are ready for submission. The lot backs up to an alley, subject to city approval it could be used as a drive-thru lot for a coffee shop or restaurant. As an added bonus, the current owners are seasoned Design/Development/General Contracting firm. They are not only prepared to assist with construction costs for the proposed building but can also collaborate to design a new structure tailored to your specific needs. This is a invest-and-build opportunity that is not to be missed—seize the moment and secure your future in Downtown Prosper before it's too late!
What's more....You will receive the preliminary architectural concept plans to submit for approval.
Also lot has a shared dedicated alleyway and 4x shared parking spaces with neighboring property, additional on street parking available
Please note that the owners of this property are also the listing agents.

Property Facts

Price $432,312 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 0.08 AC

1 Lot Available

Lot

Price $432,312 CAD
Price Per AC $5,403,896 CAD
Lot Size 0.08 AC

Description

The building is considered to have a $0 value, as it has been condemned by the city and must be demolished for new construction. The lot begins at the park bench and extends to the back of the parking lot, adjacent to an alley. The parking spaces are included in the sale. As indicated in the survey, AT&T holds a parking easement for 1,000 sqft, or four parking spaces. The entire lot is buildable, with the possibility of constructing a 2nd and 3rd story above the parking spaces. The driveway accessing the lot is owned by AT&T, but we have an easement allowing its use. This parcel is zoned Commercial and is one of the last remaining buildable lots on Broadway in historic downtown Prosper, which adds significant value. Please be aware that the appraisal will not align with the listing price. We will not accept any price reductions and require the buyer to cover all closing costs. A new survey is available.

  • Listing ID: 34097579

  • Date on Market: 2024-12-05

  • Last Updated:

  • Address: 109 Broadway st, Prosper, TX 75078

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