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    2750 State Highway 121 Melissa, TX 75454

    For Lease
    Contact for pricing

    22-acre mixed-use development opportunity in rapidly growing Melissa, Texas.

    Property size:
    7,600 SF
    Lot size:
    21.46 Acres

    Property Features for 2750 State Highway 121

    General Information

    Size
    7,600 SF
    Lot size
    21.46 Acres

    Source: The Retail Connection | Dallas Agent Ashtyn Hicks

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Proposed Mixed-Use Development in Melissa

    Melissa Park Village is a proposed 22-acre mixed-use development situated in Melissa, north of McKinney. Melissa is an affluent suburb experiencing rapid growth at an annual rate of 18.19%, with its population having increased by over 65% since the last census, ranking as the 7th-fastest growing city in Texas. Melissa ISD is recognized as one of the top Independent School Districts in Texas. The location offers visibility and access from TX-121 and proximity to residential and commercial developments. The property is located across from the new Kroger development at the lighted intersection of 121 and Liberty Way. This presents an opportunity for retail, restaurant, and medical users.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Melissa
    County
    Collin
    State
    Texas
    Longitude
    -96.564604
    Latitude
    33.282111

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    FAQs

    What type of property is this?
    Shopping center - 22-acre mixed-use development opportunity in rapidly growing Melissa, Texas.
    Where is this shopping center located?
    The property is located at 2750 State Highway 121 Melissa, TX.
    What are key features of this property?
    This property features: - Located in Melissa, the 7th fastest-growing city in Texas with an 18.19% annual growth rate.; - Excellent visibility and access from TX-121.; - Situated across from a new Kroger development at a lighted intersection.
    (214) 572-0777
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    2750 State Highway 121 Melissa, TX 75454
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    Melissa, TX 75454
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2750 State Highway 121 Melissa, TX 75454
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