607 E 1st St - Office/Residential FOR SALE


Prosper, TX 75078
$850,000 USD
214-394-3314
607 E 1st St, Prosper, TX for Sale
$850,000 USD
Office/Residential - FOR SALE
1/19
null | Request Cap Rate

607 E 1st St
Prosper, TX 75078


HIGHLIGHTS

  • Prime Location with Road Frontage
  • 32 Miles from DFW Airport
  • 5 Miles from PGA Headquarters

OVERVIEW

Prime Commercial Opportunity in the Heart of Prosper’s Growth Corridor. Strategically located near the dynamic and rapidly expanding downtown Prosper district, this one-of-a-kind property offers exceptional potential for commercial, medical use, or residential investment. Situated on a highly visible thoroughfare with excellent road frontage, this iconic 1895 Victorian home is not only one of the oldest structures in Prosper, it’s a future-forward opportunity hiding in plain sight. Sitting on a combined .75 acres across two contiguous lots, this property provides valuable flexibility for expansion or redevelopment. The front lot (.34 acres) includes the meticulously preserved 3-bedroom, 2-bath home, rich in historic character with original hardwoods and vintage details. The rear lot (.41 acres) is a blank slate with ample space for additional structures, parking, or outdoor business use, and is ideal for those looking to scale operations or create a destination experience. The home's layout can easily accommodate a conference room, 2 or 3 private offices, a kitchen, workroom, and many other configurations to best serve your business venture. With increasing nearby commercial conversions, this location is perfectly positioned to support a wide range of ventures: professional offices, wellness studios, boutique retail, medical or dental offices, or even a charming bed and breakfast. A detached workshop on-site offers income-producing potential as a rental unit, creative studio, or storage solution for a home-based business. As Prosper continues to evolve, properties like this one that blend heritage, location, and income growth opportunity are becoming increasingly rare. Whether you're an investor, business owner, or visionary entrepreneur, this is a rare chance to secure a landmark property with commercial upside in one of North Texas’ most exciting growth markets. The Seller has received verbal approval from the Town of Prosper for a Planned Development Zoning.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$375 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Loft/Creative Space, Medical, Telecom Hotel/Data Hosting

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1895

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

PD

APN/PARCEL ID

R-6147-007-0390-1,R-6147-007-1770-1

ASK ABOUT THIS PROPERTY

Lisa BirdsongLisa Birdsong Group | REAL BrokerMore Info
214-394-3314

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Lisa BirdsongLisa Birdsong Group | REAL BrokerMore Info
214-394-3314

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.