1229 E Exchange
Land | 0.688 acres
Marketing description
1229 Exchange Parkway presents a prime commercial land opportunity in one
of Allen’s fastest-growing corridors. Newly zoned Local Retail (LR), the property
allows for a broad range of commercial uses, any use marked with an “X”
under the LR column in the Permitted Uses Chart, providing exceptional flexibility for
developers and investors.
Situated along Exchange Parkway, one of Allen’s primary east-west connectors,
the site benefits from strong daily traffic, excellent frontage visibility, and
proximity to major retail, medical, and residential developments. The ±0.688-
acre parcel is ideally positioned for neighborhood-serving retail, medical office,
service-oriented businesses, or boutique commercial development.
Allen continues to demonstrate strong retail fundamentals, supported by
sustained population growth, high household incomes, and low vacancy rates.
Investment highlights
Prime Retail Corridor Location
Situated along Exchange Parkway, one of Allen’s primary east-west
thoroughfares, the property benefits from strong daily traffic
counts, excellent frontage visibility, and convenient access to
surrounding residential, retail, and medical developments. Its
positioning within a rapidly expanding commercial corridor
enhances long-term tenant demand and site desirability.
Strong Allen Retail Fundamentals
The Allen retail submarket demonstrates exceptional stability and
sustained demand:
3.6% Vacancy Rate (Tight market conditions)
$30.50/SF Average Asking Rent
3.1% Year-Over-Year Rent Growth
±9.1 Million SF Total Retail Inventory
Estimated 7.0% Market Cap Rate
Low vacancy combined with steady rent growth reflects limited
oversupply and continued absorption across the submarket.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
