This property is located in the RAIL DISTRICT development area and sits on a 10,846 sq. ft. CORNER lot. There is significant investment coming into the area, making it an ideal live/work opportunity. Currently, it is a residential home with an office. The building is zoned commercial with OTC star zoning, and you can find detailed zoning information on the city of Frisco downtown development standards website. The property has been recently remodeled, with some parts still undergoing renovations. The property features a 10kW solar system and 100% foam insulation on the roof to ensure low energy bills. Additionally, it is equipped with a 22kW Generac generator for backup emergency power. The current owner is retiring and looking to relocate. Whether you want to use it as a home or you're a developer interested in being part of the Rail District redevelopment plans, it's a great opportunity. The area is set to undergo over $100 million in new city infrastructure projects, with Elm at Main St and a state-of-the-art plaza just one block away. The property has also been recently appraised. The backyard is well-suited for a potential coffee shop or outdoor dining area, with established grapes, blackberries, peach trees, and raised garden beds, all of which are irrigated. Additionally, there is a motorized movie screen on the rear of the house for outdoor movies or events. This recently renovated home is located in the 'old town commercial' area of Frisco and currently functions as a residence with office space. An appraisal has indicated a valuation of $1,290,000 based on area comparisons. It is conveniently situated just minutes away from Dallas North Tollway, The Star Cowboys Practice Facility, the PGA Frisco Golf Course, The Omni PGA Frisco Resort, and the upcoming Universal Studios Park in Frisco. With ample parking space and mature Pecan, Oak, and Peach trees providing shade, this property is ideal for a large family, and can be separated into three living areas, or utilized as a home office suite. Recent Neighborhood Development: https://www.localprofile.com/real-estate/frisco-texas-approves-another-residential-development-in-rail-district-8363727 link to downtown Frisco developments: https://www.friscotexas.gov/DocumentCenter/View/30789/19054_Frisco-Downtown_Council-Presentation_20231106
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
