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    Choate Pkwy Celina, TX 75009

    Sponsored
    For Sale
    $18,269,064

    Prime 35-acre commercial development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 34.95-acre tract of land presents a unique investment opportunity in the rapidly growing city of Celina, Texas, located in Collin County. Currently zoned C1, this mixed-use property offers significant potential for a variety of commercial and hotel developments. The asking price is $18,269,064, translating to a land value of $12 per square foot. The property is conveniently situated on Choate Parkway, offering excellent visibility and accessibility. The annexation process is currently underway, further enhancing the property's future development prospects. With its expansive size and strategic location, this parcel is ideally suited for large-scale commercial projects, potentially including hotels, retail spaces, or other mixed-use developments. The C1 zoning provides flexibility for a range of commercial uses, making this a highly attractive investment for developers seeking a prime location in one of Texas's fastest-growing areas. The property's address is Choate Pkwy, Celina, TX 75009. Detailed site plans and zoning information are available upon request. Don't miss this chance to acquire a significant piece of Celina's burgeoning commercial landscape.

    Property Features for 0 Choate Pkwy

    General Information

    Property type
    Land
    Lot Size
    1,522,422 SF

    HighLights

    • Mixed‑use commercial and hotel development opportunity (C‑1 zoning).
    • C‑1 zoning in place, with annexation underway.
    • 34.95‑acre site, priced at $10 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Celina
    County
    Collin
    State
    Texas
    Longitude
    -96.737581
    Latitude
    33.298009

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    FAQs

    What type of property is this?
    Land - Prime 35-acre commercial development opportunity.
    Where is this land located?
    The property is located at Choate Pkwy Celina, TX.
    What is the asking price?
    The asking price for this property is $18,269,064.
    What are key features of this property?
    This property features: Mixed-use commercial and hotel development opportunity (C-1 zoning).; C-1 zoning in place, with annexation underway.; 34.95-acre site, priced at $10 per square foot.
    Request Owner's contact information
    Choate Pkwy Celina, TX 75009
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    Celina, TX 75009
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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
    Choate Pkwy Celina, TX 75009
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