6833 Coit RdPlano, TX 75024

Property Details for 6833 Coit Rd

Year built

1994

Lot size

0.90 AC

Property size (Sq ft)

11,700 SF

Zone code

O-S

Property type

Office properties

Property subtype

Office buildings

APN

R-2292-001-0030-1

APU

R229200100301

Description

This exceptional one-story office building, totaling 11,700 square feet, presents a remarkable investment opportunity in Plano, Texas. Strategically located near the prestigious Legacy and Coit intersection, this property boasts a proven track record of profitability since its construction in 1988. The building is currently divided into several professional suites, offering flexibility for a variety of businesses. Ideal uses include, but are not limited to, legal practices, accounting firms, medical offices (family practice, internal medicine, dentistry), spas, insurance agencies, real estate offices, and therapy practices. The property sits on a 0.89-acre lot and provides ample parking for tenants and clients. Modern amenities include high-speed internet access, a security system, multiple bathrooms, kitchenettes in several suites, and some fireplaces. Its convenient location offers easy access to major highways, shopping centers, hospitals, and restaurants, ensuring high visibility and accessibility. Floor plans and a video tour are available in the provided documents. This turnkey commercial property offers a rare chance to acquire a well-established, income-generating asset in a highly desirable Plano location. The asking price is $3,100,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,576,651

  6.5%

  $2,378,447

  7%

  $2,208,558

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,711,260

  Geo Method

  $1,407,744

• Alternative Use

  Use

  Valuation

  Residential

  $2,949,274

  Hospitality

  $2,701,520

  Educational

  $2,247,632

  Medical

  $2,324,932

  Retail

  $3,496,317

Location Insight

City

Plano

County

Collin

State

Texas

Latitude

33.069

Longitude

-96.7718

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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