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7237 East Parker Road

Allen TX 75002

1093791.6 sq. ft.
Land
Currently for sale - view listing

Overview

This extensive property package offers a compelling investment opportunity, featuring four parcels totaling 25 acres, each brimming with potential. Zoned SF-1 for one-acre lots, the land comprises seventeen (17) one-acre lots and two (2) 2+ acre lots, complete with city entitlements and approved site plans, positioning it as a premier investment opportunity. With its level topography and remarkable visibility, boasting approximately 600 feet of frontage along Parker Road, and supplemented by existing water and electrical services, the property provides an ideal canvas for development endeavors. In Lucas, where the median home price stands at $1.1 million as of April 2024, and properties are listed up to $5.3 million, the residential market flourishes, offering ample room for exploration. Delve deeper into this exceptional property through our video available on Crexi and LoopNet.

Features

1093791.6 sq. ft. lot size
Land

Happy sellers in Allen

<50%
Less than 50% of sellers in Allen reported that their sale price either exceeded or met their price expectations.

Allen stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 8 reviews in Allen over the last 12 months.

Local market activity for land plots in Allen

In the last 12 months, 18 land plots similar to 7237 East Parker Road, have been sold.

This represents a 16% increase in land plots sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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