Listing Agency: n***@cresa.com Show Phone

Listed By: Natalie Show Phone

Added: Jan 31, 2025 Changed: Mar 16

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Investment Insights

Based on property information with market context.

This 11.1-acre property is located at the corner of Highway 5 and Private Road 5039 in Melissa, Texas. The land consists of two contiguous tracts totaling approximately 11.1 acres. It offers convenient access to Highway 5 and is served by the Dallas, Garland & Northeastern Railroad (DGNO), now part of Genesee & Wyoming Railroads. Situated in Collin County within the Melissa ISD, the land is zoned AG. Permitted uses under the City of Melissa's Agricultural District zoning include single-family dwellings, accessory structures, temporary construction yards, farm/ranch operations, gardens, orchards, governmental offices, parks, playgrounds, private utilities, public schools, and solar panel systems. The property is not divisible; the sale includes both tracts. This location offers potential for various development projects, given its size, highway access, and rail service. The property's zoning allows for a range of uses, from residential to agricultural and commercial ventures.

Property Analytics

Current Use

Land

Suggested Use

Top Pick HVAC Service Auto Parts Store Electrical Service Pharmacy Furniture & Home Goods Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

129

Businesses Nearby

Explore this area Business Placement

Demographics for 75454, TX

16,252

Population

6,289

Households

2.6

Avg Household Size

33

Median Age

51%

College-Educated

95%

High-School Grad

21.4 sq mi

ZIP Area

759

Density / Sq Mi

$135,556

Median Household Income

$64,368

Median Earnings

$2,262

Median Rent

$421,700

Median Home Value

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Frequently Asked Questions

What type of property is this?

Land - +/- 11.1 Acres Land in Melissa, TX

Where is this land located?

The property is located at 1548/1572 Private Road 5039 Melissa, TX.

What is the asking price?

The asking price for this property is $4,500,000.