Mixed-Use Development Land
For Sale
Contact for pricing
1700 Milrany Lane, Melissa, TX 75454
17.24 acres of multifamily and commercial land for sale.
Property SizeContact for details
Lot Size17.24 Acres
Days on Market82
Property Features for 1700 Milrany Lane
General Information
Standard status
Active
Lot size
17.24 Acres
Property subtype
Retail, Mixed Use, Multifamily
Listing Agency:
Worldwide Commercial
(817) 562-4990
Listed By:
Bryce Gehlbach · License #827650
Source:
Crexi
Added: May 19
Changed: Aug 8
Last Checked: Jul 16 at 4:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Worldwide Commercial
Investment Insights
Based on property information with market context.
This development opportunity includes approximately 17.24 acres of land zoned for multifamily and commercial use. The multifamily zoning is spread across two tracts, allowing for up to 458 residential units. The remaining commercial tracts are planned for retail, daycare, and self-storage uses, creating a diversified mixed-use environment. This environment is positioned to support long-term growth and daily consumer demand. The property is located approximately one mile from Melissa High School, benefiting from strong surrounding demographics, continued residential expansion, and significant retail momentum throughout the area. Major national retailers including Kroger, Walmart, Buc-ee’s, and H-E-B are located within close proximity, alongside expanding retail corridors. Tract 1 consists of 2.41 acres and is zoned C-2 / General commercial for proposed retail use. Tract 2 consists of 2.4 acres and is zoned C-2 / General commercial for a proposed daycare. Tract 3 consists of 2.57 acres and is zoned C-2 / General commercial for proposed self-storage. Tract 4 consists of 3.26 acres and is zoned for multifamily use, allowing up to 140 units for age-restricted (55+) housing. Tract 5 consists of 13.98 acres and is zoned for multifamily use, allowing up to 318 units.
Key Highlights
- Multifamily zoning allows for up to 458 residential units.
- Diversified mixed‑use environment planned with retail, daycare, and self‑storage.
- Strong surrounding demographics, continued residential expansion, and significant retail momentum.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
84
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 17.24 acres of multifamily and commercial land for sale.
Where is this commercial land located?
The property is located at 1700 Milrany Lane Melissa, TX.
What are key features of this property?
This property features: Multifamily zoning allows for **up to 458 residential units**.; Diversified mixed‑use environment planned with retail, daycare, and self‑storage.; Strong surrounding demographics, continued residential expansion, and significant retail momentum.
