PRICE REDUCED: 5.45+/- Acre Office & Retail Development Site
Land | 5.449 acres
Marketing description
PRICE REDUCED. Vanguard Real Estate Advisors (“VREA”) is pleased to present investors and developers the opportunity to acquire 5.45+/- acres located along East Broadway Street in the rapidly growing City of Prosper, TX (the “Site”). The Site is positioned along East Broadway Street, and approximately 200 feet west of Preston Road, one of the towns major thoroughfares and commercial corridors. Through PD-118, the Site is zoned for both office and retail uses. Easy access to US-380 and the Dallas North Tollway further enhances regional connectivity, making the Site well-suited for a wide range of commercial uses. The asking price for the entire Site was just reduced from $22 per square foot down to an attractive price of $19.50 per square foot. The price is $25 per square foot if a purchaser would like to buy a 1-2+/- acre pad site out of the overall offering.
To gain access to the Due Diligence Vault click on the link below:
A 3% co-broker fee is available to a Broker that sources a Principal that VREA has not previously contacted in any format or sent information to regarding this opportunity; a third party broker must register their client upon initial contact with VREA.
Investment highlights
Strategic Location
Located along heavily trafficked Broadway Street and less than 200 feet west of Preston Road (State Highway 289), the main north-south thoroughfare in Prosper.
Only 1.5 miles north of US-380 and 1.5 miles east of Dallas Parkway, which is currently being extended to run all the way to the Collin-Grayson County border and goes south to Dallas.
In close proximity to several major retail developments, such as the Gates of Prosper which include national retailers such as Walmart, T.J. Maxx, Spec’s, Kohl’s, and Home Goods amongst others.
Zoning
The Site is zoned through PD-118, allowing office and retail uses with a maximum building height of 24 feet.
Per the PD, the Site is to be developed in general accordance with the concept plan shown in the PD and the additional provisions outlined in the cities office district zoning code.
Additionally, only the eastern-most building can be utilized for retail uses with the remainder being used for office.
Purchaser to do their own due diligence related to zoning and uses.
Population and Demographics
According to the US Census Bureau, Prosper had a population of approximately 45,598 as of 2024 and is growing at a rate of 8.67% annually.
Nearby major employers include Texas Health Resources, Prosper ISD and Kroger.
The average household income within a one mile radius is an outstanding $203,558 per ESRI, and the median home price was $864,500 as of July 2025 according to Texas Realtors.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
