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1229 E Exchange Pky
Allen, TX 75002
1229 E Exchange · Land For Sale
·
0.68 AC
Investment Highlights
- Prime Retail Corridor Location
- Highly Active & Liquid Investment Market
- Strong Allen Retail Fundamentals
Executive Summary
of Allen’s fastest-growing corridors. Newly zoned Local Retail (LR), the property
allows for a broad range of commercial uses, any use marked with an “X”
under the LR column in the Permitted Uses Chart, providing exceptional flexibility for
developers and investors.
Situated along Exchange Parkway, one of Allen’s primary east-west connectors,
the site benefits from strong daily traffic, excellent frontage visibility, and
proximity to major retail, medical, and residential developments. The ±0.688-
acre parcel is ideally positioned for neighborhood-serving retail, medical office,
service-oriented businesses, or boutique commercial development.
Allen continues to demonstrate strong retail fundamentals, supported by
sustained population growth, high household incomes, and low vacancy rates.
Property Facts
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.68 AC |
| Property Type | Land | Year Built | 1968 |
| Property Subtype | Commercial | ||
| Zoning | LR - See Page 4 of OM | ||
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.68 AC |
| Year Built | 1968 |
| Zoning | LR - See Page 4 of OM |
1 Lot Available
Lot
| Lot Size | 0.68 AC |
| Lot Size | 0.68 AC |
1229 Exchange Parkway presents a prime commercial land opportunity in one of Allen’s fastest-growing corridors. Newly zoned Local Retail (LR), the property allows for a broad range of commercial uses, any use marked with an “X” under the LR column.
Description
Prime Retail Corridor Location: Situated along Exchange Parkway, one of Allen’s primary east-west thoroughfares, the property benefits from strong daily traffic counts, excellent frontage visibility, and convenient access to surrounding residential, retail, and medical developments. Its positioning within a rapidly expanding commercial corridor enhances long-term tenant demand and site desirability. Strong Allen Retail Fundamentals: The Allen retail submarket demonstrates exceptional stability and sustained demand: 3.6% Vacancy Rate (Tight market conditions) $30.50/SF Average Asking Rent 3.1% Year-Over-Year Rent Growth ±9.1 Million SF Total Retail Inventory Estimated 7.0% Market Cap Rate Low vacancy combined with steady rent growth reflects limited oversupply and continued absorption across the submarket.
Property Taxes
| Parcel Number | R-6777-000-0100-1 | Improvements Assessment | $0 CAD |
| Land Assessment | $136,911 CAD | Total Assessment | $136,911 CAD |
Property Taxes
