508 E Broadway, Prosper, TX 75078

508 E Broadway St Prosper, TX 75078

508 E Broadway St, Prosper, TX, 75078
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FOR SALE
Property Type:
Commercial Land Development
Amount:
$295,000
Last Verified:
Mar 16, 2024

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Highlights

  • - Prime corner lot location for high visibility
  • - Close Proximity to major roadways for convenient access
  • - High growth area with increasing property values
  • - Opportunity for customized office space design

Description

Presenting a prime investment opportunity, this property is ideally located on a high-visibility corner lot in the thriving downtown Prosper area. Boasting convenient access to major roadways, it offers an excellent platform for expanding businesses seeking to maximize exposure and accessibility. The potential for customized office space design provides a unique opportunity for investors looking to create tailored environments for tenant needs. Situated in a high-growth region with increasing property values, this property represents a compelling prospect for investors seeking to capitalize on the dynamic market in the area. CAD lists the property zoning as C1 (Vacant Residential Lot). City of Prosper comprehensive plan indicates Office.

Minutes from S Preston Rd on corner of E Broadway & S Field a few short blocks from Prosper City Hall


Year Built: 2003
Building Size: 0sq ft
Lot Size: 0.31 acres


Documents

Brochure

Map of 508 E Broadway St, Prosper, TX, 75078

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.