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$1,850,000 -$149,999 (-7.5%) Price Reduced
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Property Description
Prime Commercial Real Estate Opportunity in Booming Princeton, Texas, right off the highly-trafficked US 380-E. Princeton Drive corridor in prestigious Collin County. The location is unbeatable: superb visibility along E. Princeton Dr.-US 380 with 2 parcels for consideration totaling 265.34 linear feet approx. of frontage and 1.090 acres. The two parcels are surrounded by major retailers and services, including Walmart Supercenter, CVS, Ace Hardware, USPS, FedEx, Sonic, Taco Bell, AutoZone, McDonald's, 7-Eleven, U-Haul, Princeton City Hall, and Princeton High School, just to name a few. TxDOT traffic count maps show VPD between 30,324 to 33,450. Two well-positioned buildings await: one at 2,112 SF and another at 3,520 SF, with ample graveled parking and easy access via Highway 5, Sam Rayburn Tollway (Hwy 121), I-75, and US 380 east to west. Future expansions-including the US 380 Bypass-will reroute heavy traffic, reduce congestion, and unlock even more development potential. This is a two-parcel property sale. The asking price for the two parcels combined is $1,999,999. Terms are negotiable. Single or multiple buyer opportunity. Just 48 miles from DFW Airport, 43 miles to Dallas Love Field, 41 miles to downtown Dallas, and only 9.2 miles to McKinney National Airport (TKI). Buyer and or Buyer's Representative are responsible for all due diligence. All measurements and square feet are approximate. Information derived from sources deemed reliable but Astra Realty, LLC and Chris Jones do not warrant or guarantee any details herein.
Full Property Details
Full Property Details for 409 E Princeton Dr
General
- Price: $1,850,000
- Status: Active
- Type: Retail
- Source: NTREIS
- MLS ID: 21208119
- Updated: 5/15/2026
- Added to Site: 64 day(s) ago
Business
- Business Type: Other, Retail
Interior
- Flooring: Concrete, Other
Parking
- Parking Features: Additional Parking, Concrete, Gravel, Other
Location
- County: Collin
- Subdivision: See Records
- Driving Directions: Property address is 409 E. Princeton Drive, Princeton, TX 75407 (and TBD E. Princeton Drive, Princeton, TX 75407 - 2-parcel property). From I-75, exit US 380. On US 380, drive east toward the city of Princeton. Once in Princeton, drive to 409 E. Princeton Drive. Use GPS for accurate directions.
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Other
- Roof: Composition, Metal, Other
- Stories/Levels: 1
- Square Feet: 5,732
- Sq. Ft. Source: Assessor
- Year Built: 1985
Lot Features
- Lot Size (Acres): 1.09
- Lot Size (Sq. Ft.): 47,480.4
- Lot Size Source: Assessor
- Frontage: City Street
- Lot Features: Acreage, Few Trees
- Potential Use: Automotive, Other, Retail
- Zoning: Contact City
Financial Considerations
- Terms: See Agent
- Tenant Pays: All Utilities
Disclosures and Reports
- Inclusions: Land & Improvements
- Property ID: 1203138
Listed by Astra Realty LLC, Chris Jones
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Schools
Schools serving 409 E Princeton Dr
School District:Princeton Independent School District
| Name | Grades | Distance |
|---|---|---|
Lacy Elementary School 224 East College Street, Princeton, TX 75407 | PK-5 | 0.7 mi |
Southard Middle 455 Monte Carlo Boulevard, Princeton, TX 75407 | 6-8 | 1.4 mi |
Princeton High School 1000 East Princeton Drive, Princeton, TX 75407 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 409 E Princeton Dr
Date
Details
Price
Change
Source
5/15/2026
Price Reduced
$1,850,000
-7.5%
MLS
3/13/2026
Listed
$1,999,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 409 E Princeton Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,486
30%
$718,100
19%
2023
$10,391
1%
$601,925
12%
2022
$10,307
—
$538,874
16%
2022
$10,307
3%
$466,144
8%
2021
$10,016
-3%
$433,183
—
2020
$10,337
1%
$435,291
6%
2019
$10,253
50%
$410,000
55%
2018
$6,821
5%
$265,304
6%
2017
$6,470
-1%
$250,585
—
2016
$6,519
-1%
$250,780
—
2015
$6,579
-2%
$251,221
—
2014
$6,689
3%
$251,585
—
2013
$6,467
—
$251,632
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 409 E Princeton Dr
409 E Princeton Drive, Princeton, TX 75407 (MLS# 21208119) is a Retail property. 409 E Princeton Drive is currently listed for $1,850,000 and was received on March 13, 2026. Want to learn more about 409 E Princeton Drive? Do you have questions about finding other Retail real estate for sale in Princeton? You can browse all Princeton real estate or contact a Coldwell Banker agent to request more information.

