Summit Centre - 9,596 SF Value Add Owner User Opportunity The Colony

Description:

OWNER-USER OFFICE/MEDICAL BUILDING WITH INCOME IN THE HEART OF NORTH TEXAS

5200 Paige Road presents a rare opportunity to acquire a multi-tenant office and medical building in one of the fastest-growing business corridors in North Texas. Strategically located near SH-121, Grandscape, Legacy West, Frisco, Plano, and the Dallas North Tollway, this property offers outstanding accessibility, strong demographics, and exceptional flexibility for both owner-users and investors.

The surrounding area continues to benefit from explosive residential and commercial growth, with nearby employers, entertainment destinations, and major retail developments driving demand throughout The Colony, Frisco, Plano, and North Dallas. Its central location and flexible layout create a compelling opportunity for businesses seeking to control their occupancy costs while building long-term equity.

Containing approximately 9,596 square feet on ±1 acre with abundant parking, the building is currently partially occupied by short-term tenants, providing immediate cash flow while allowing a future owner the flexibility to gradually occupy additional space. Approximately 3,000 square feet is currently available for lease or owner occupancy, creating a unique opportunity to offset operating costs with rental income while establishing a long-term headquarters location.

Positioned on Paige Road with SC (Shopping Center / Service Commercial) zoning, this building is particularly well-suited for religious assembly or church use, offering an established building footprint, on-site parking, and the open, flexible floor plates that faith-based organizations seek for worship, fellowship, and programming space — all without the cost and timeline of ground-up construction. Beyond religious assembly, SC zoning typically accommodates a diverse spectrum of uses including general and specialty retail, professional, medical, or dental office, urgent care, personal services (salons, spas, wellness centers), fitness centers and studios, daycare or early childhood education, private or charter school programs, and nonprofit or community assembly uses. The building's existing commercial infrastructure — established utilities, accessible parking, and a proven commercial footprint — meaningfully reduces the entitlement and build-out burden compared to ground-up development. Prospective buyers are encouraged to conduct their own due diligence with the local planning and zoning department to confirm permitted and conditional uses, applicable parking ratios, and any required ADA or life-safety upgrades; however, the breadth of uses supported by SC zoning gives this asset a compelling and diversified demand profile that is difficult to replicate in today's market.

Investment Highlights


±9,596 SF multi-tenant office/medical building
Approximately 3,000 SF available for immediate occupancy
Existing short-term tenants provide supplemental income and future expansion flexibility
One-acre site with ample parking
Excellent access to SH-121, Dallas North Tollway, Legacy West, Grandscape, and the Frisco corporate corridor
Owner-user opportunity with income in place
Strong demographics and population growth
Flexible floorplans suitable for single or multi-tenant occupancy
Long-term appreciation potential in one of DFW's most desirable submarkets
Ideal for professional office, medical office, healthcare, financial services, legal services, engineering, educational, and administrative users


Whether acquired as a corporate headquarters, medical office facility, professional services campus, or income-producing investment, 5200 Paige Road offers the increasingly rare combination of immediate cash flow, future occupancy flexibility, and ownership in one of the most dynamic commercial markets in North Texas.

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AREA DESCRIPTION

Located in the heart of one of the fastest-growing corridors in North Texas, 5200 Paige Road benefits from a premier location within The Colony, a community that has transformed into a major business, entertainment, and residential destination. Positioned just minutes from State Highway 121 (Sam Rayburn Tollway), the Dallas North Tollway, and Interstate 35E, the property provides exceptional access to Frisco, Plano, Legacy West, Addison, DFW International Airport, and the greater Dallas-Fort Worth Metroplex.

The surrounding area has experienced tremendous population and employment growth fueled by major corporate campuses, affluent residential neighborhoods, and destination retail and entertainment developments. Within minutes are Grandscape, Nebraska Furniture Mart, Andretti Indoor Karting & Games, Topgolf, Hawaiian Falls, and numerous hotels, restaurants, and lifestyle amenities that continue to draw visitors and employees from throughout the region.

The property is strategically positioned near the Legacy business corridor, home to thousands of employees working for companies such as Toyota Motor North America, JPMorgan Chase, Liberty Mutual, PepsiCo, Ericsson, and numerous technology, financial, and healthcare firms. This concentration of employment supports strong demand for professional office and medical space while creating a highly desirable environment for businesses seeking to attract and retain talent.

The Colony's central location within the North Dallas growth corridor places it among some of the most affluent and rapidly expanding communities in Texas, including Frisco, Plano, Prosper, and Lewisville. Residents and businesses benefit from excellent schools, Lake Lewisville recreational amenities, and a pro-business environment that continues to attract investment and development.

With immediate access to major transportation corridors, a highly educated workforce, strong household incomes, and a rapidly growing customer base, 5200 Paige Road offers businesses and investors the opportunity to establish a presence in one of the most dynamic commercial markets in the Dallas-Fort Worth Metroplex.

Nearby Destinations Include:


Grandscape – ±2 miles
Nebraska Furniture Mart – ±2 miles
Legacy West – ±7 miles
The Star in Frisco – ±8 miles
PGA Frisco – ±10 miles
Dallas North Tollway – ±4 miles
DFW International Airport – ±18 miles
Downtown Dallas – ±28 miles
Love Field Airport – ±20 miles


The combination of exceptional accessibility, affluent demographics, corporate employment growth, and destination retail and entertainment amenities has established The Colony as one of the premier locations for professional office and medical users in North Texas.


Located in the heart of The Colony's thriving SH-121 corridor, 5200 Paige Road offers a rare opportunity for an owner-user or investor to acquire a ±9,596 SF multi-tenant office and medical building with immediate income and future expansion flexibility. Approximately 3,000 square feet is currently available for occupancy while short-term tenants provide supplemental cash flow. Positioned minutes from Grandscape, Legacy West, Frisco, and the Dallas North Tollway, the property benefits from exceptional accessibility, strong demographics, and long-term growth in one of North Texas' most desirable business markets.

PROPERTY HIGHLIGHTS


±9,596 SF Office / Medical Building
±1 Acre Site with Abundant Parking
Approximately 3,000 SF Available for Owner Occupancy or Lease
Existing Short-Term Tenants Provide Income and Expansion Flexibility
Zoned O-1 Office District
Gateway Overlay District Location
Ideal for Medical, Dental, Professional Office, Financial Services, Legal, Engineering, and Administrative Users
Excellent Owner-User Opportunity with Rental Income in Place
Minutes from SH-121, Dallas North Tollway, Grandscape, Legacy West, and Frisco
Strong Population Growth and Affluent Demographics
Surrounded by Major Corporate Employment Centers
Convenient Access to Plano, Frisco, Lewisville, and DFW Airport
Rare Opportunity to Own a Freestanding Office Building in The Colony
Suitable for Single-Tenant Headquarters or Multi-Tenant Investment Strategy
High Visibility Location in One of North Texas' Fastest Growing Markets