Prime Local Retail Development Opportunity

1229 Exchange Parkway presents a prime commercial land opportunity in one of Allen’s fastest-growing corridors, newly zoned Local Retail (LR) to allow a broad range of permitted commercial uses. Positioned along one of Allen’s primary east–west connectors, the site offers strong traffic, excellent visibility, and proximity to major retail, medical, and residential growth that is ideal for neighborhood retail, medical office, or service-oriented development.

Key Highlights:

  • ±0.688-acre signalized hard-corner development site

  • Zoning: Local Retail (LR)

  • Prime frontage along Exchange Parkway

  • Strong surrounding residential density

  • 3.6% retail vacancy reflecting tight market conditions

  • Active investment market with cap rates near 7%

  • Infill opportunity in a supply constrained North Dallas corridor

  • Consistent year-over-year rent growth in the Allen submarket

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