Hard Corner 0.73 Acre Parcel

Land Description

Ri Marketplace Online Auction July 14-16

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Marcus & Millichap is pleased to present a ±0.73-Acre land parcel located at 6690 K Avenue (the “Property”) in Plano, Texas. The Property is offered at a substantial discount and offers an exceptional owner/user or investment opportunity with significant value enhancement potential via development.

The Property is a ±0.73-Acre parcel situated at the signalized intersection of Legacy Drive and K Avenue with combined traffic counts of ±37,696 vehicles per day and just east of Us-75 (Central Expressway) with an additional 185,933 vehicles per day. The Property is in a robust trade area near a mix of residential and retail properties with national tenants that include Walmart, Lowe's, Sam's Club, Costco, Academy Sports, Starbucks, Target, Home Depot, At Home, Best Buy, Cinemark, and many others. The Property benefits from LC, Light Commercial District Zoning with flexible uses permitted including retail, personal services, professional office, restaurant, mini-warehouse, and many more. Due to its strategic location in a growing market, the Property presents developers with a prime development opportunity with the potential for significant upside.

Plano, a fast-growing suburb located about 20 miles north of downtown Dallas, is a key commercial and corporate hub within the Dallas-Fort Worth metroplex. Known for its strong business climate, Plano hosts headquarters and regional offices for major corporations like Freddie Mac, Samsung Electronics, L3Harris, Toyota North America, JPMorgan Chase, Frito-Lay, and Capital One. This concentration of Fortune 1000 companies has spurred robust demand for office space, upscale housing, and retail development. The Property further benefits from strong demographics with a population of 319,088 residents and an average household income of $129,882 within a 5-mile radius. The population has experienced 8.6% growth from 2020-2024 with 2.5% growth expected to continue through 2029.

Lamar P. Fisher

Fisher Auction Company Inc.

License: 10344