6627 Half Elm Street

Description

Commercial Development Opportunity in Frisco's Revitalized Rail DistrictThis small interior lot in the redeveloping Frisco Rail District presents an excellent opportunity for commercial development. Located just two blocks from Main Street, the property is zoned Original Town Commercial - OTC and has all necessary utilities in place.The City of Frisco is investing over $70 million in the Rail District redevelopment project, which is scheduled for completion in mid-2026. This large-scale effort includes:Wider sidewalks and decorative pavers to enhance walkability.A new public parking garage to accommodate increased traffic.A new 4th Street Plaza to serve as a public gathering space for community events.This significant public investment, coupled with initiatives like the Frisco Rail District Reinvestment Grant Program, creates a compelling opportunity for equity-based growth. For instance, the median home price in the downtown Frisco 75034 area has increased from $499,000 to $865,000 in the last five years, demonstrating the substantial equity gains already being realized in the area.This lot is ideal for a variety of commercial ventures. A live-work studio residence, with an office or retail space, is just one example of a use that provides added value as the old downtown redevelops. This property is perfect for investors looking to rent, stabilize, and sell or developers following the traditional develop and sell model, taking advantage of the area's ongoing transformation to attract a vibrant daytime and nighttime economy.