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503 W McDermott Dr
Allen, TX 75013
Allen Century Center · Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Building Size
15,205 SF
Building Class
C
Year Built
2016
Percent Leased
73%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
2.22 AC
Zoning
none
Frontage
187’ on W McDermott Dr
Amenities
- Air Conditioning
About 503 W MCDERMOTT DR , ALLEN, TX 75013
Allen Century Center is a 14,878 square foot shopping center shadow anchored by a 55,000 square foot Fitness Connection which draws over 3,000 people per day to the property. The center was built in 2016 and is 100% occupied by a mix of local and regional tenants. Allen Century Center also benefits by its close proximity to city hall (across the street) and the high traffic on McDermott. The center is offered at an attractive 7.28% cap rate on existing income and is a great stabilized opportunity for an investor.
Property Taxes
| Parcel Number | R-3302-000-007R-1 | Improvements Assessment | $4,749,810 |
| Land Assessment | $1,111,886 | Total Assessment | $5,861,696 |
Property Taxes
Parcel Number
R-3302-000-007R-1
Land Assessment
$1,111,886
Improvements Assessment
$4,749,810
Total Assessment
$5,861,696
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