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10 E Mcdermott Dr - Lot B 0.49 Acres of Commercial Land Offered at $445,383 CAD in Allen, TX 75002

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Investment Highlights

Allen, Tx population of 111,963
Average household income is $150,270 according to worldpopulationreview.com

MeDermott VPD average 27,000+
.4889 acres / 21,296sf - source Collin CAD Prop ID: 2544669

Executive Summary

Architectural and engineering plans will transfer with the sale, providing a streamlined path for development. The current design reflects a 5,626 SF office building with a parking ratio of 1 space per 300 SF. Plans require final approval from the City of Allen, but their inclusion significantly reduces the overall timeline for construction.
Alternative building sizes or uses are permitted in accordance with the City of Allen guidelines and McDermott Office Park regulations, offering flexibility for future development. Annual association dues are $3,600 with a building in place or $2,100 without a building.

Property Facts

Price	$445,383 CAD	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Commercial Industrial Retail Office
No. Lots	1	Total Lot Size	0.49 AC
Property Type	Land
Zoning	Commercial - Allen Downtown District - formerly Central Business District Professional or Medical Office use. Other uses may be permitted.

Price	$445,383 CAD
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Industrial Retail Office
Total Lot Size	0.49 AC
Zoning	Commercial - Allen Downtown District - formerly Central Business District Professional or Medical Office use. Other uses may be permitted.

1 Lot Available

Lot

Price	$445,383 CAD	Lot Size	0.49 AC
Price Per AC	$908,945.39 CAD

Price	$445,383 CAD
Price Per AC	$908,945.39 CAD
Lot Size	0.49 AC

.4889 acres / 21,296sf - source Collin CAD Prop ID: 2544669 Gently sloping cleared lot.

Description

Located within McDermott Business park this lot offers an excellent location in the heart of Allen with a huge demographic and traffic count. Current businesses within the office park primarily comprised of Medical and Professional uses. All buildings are same in appearance consisting of a Stone & Stucco facade. Association dues are very minimal per year with minimal restrictions & guidelines. Site is located approximately .50 miles off HWY 75 and surrounding by retail, restaurants, businesses & huge residential demographic. Lot can accomodate a building size of up to approximately 5,626sf.

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