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    Hwy 5 & Pennsylvania Ave Melissa, TX 75454

    Sponsored
    For Sale
    Contact for pricing

    Prime Melissa, TX pad sites. High growth area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land opportunity encompasses twelve prime acres situated at the gateway to the Liberty subdivision, a thriving Hillwood community in Melissa, Texas. Zoned C-2, these pad sites are available for sale or ground lease, presenting a unique investment prospect in a rapidly expanding area. Liberty itself is a master-planned development spanning over 500 acres, boasting approximately 2,000 home sites and a current resident population of 1,200 households. The strategic location directly across Highway 5 from Melissa City Hall, the planned town center, and highly-rated schools provides unparalleled visibility and accessibility. The property benefits from its proximity to over 10,000 new housing units and residential lots, ensuring a robust and growing customer base. Further enhancing its appeal, Highway 5 is slated for expansion to four lanes between SH 380 and Anna. Melissa's population has experienced remarkable growth, increasing by 64% in the last five years, from 16,800 to a projected 125,000 residents by 2050. This significant population surge is underscored by the completion of 600 new single-family homes in 2019, with an additional 7,600 homes currently in the permitting or construction phases. Lot sizes range from 5.3 to 6.4 acres, offering flexibility for various development plans. The property is located at Highway 5 & Pennsylvania Ave, Melissa, TX 75454, in Collin County.

    Property Features for 0 Hwy 5 & Pennsylvania Ave

    General Information

    Property type
    Land
    Lot Size
    230,868 SF

    HighLights

    • 12 prime acres of C‑2 zoned land at the entrance to Liberty, a Hillwood master‑planned community in Melissa, TX.
    • Pad sites available for sale or ground lease.
    • Liberty is a 500+ acre master‑planned community with approximately 2,000 homesites and 1,200 existing households.
    • High‑visibility location across Highway 5 from Melissa City Hall, the planned town center, and highly‑rated schools.
    • Surrounded by over 10,000 new housing units and residential lots.
    • Highway 5 expansion to four lanes between SH 380 and Anna.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Melissa
    County
    Collin
    State
    Texas
    Longitude
    -96.5692105
    Latitude
    33.294881

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    FAQs

    What type of property is this?
    Land - Prime Melissa, TX pad sites. High growth area.
    Where is this land located?
    The property is located at Hwy 5 & Pennsylvania Ave Melissa, TX.
    What are key features of this property?
    This property features: 12 prime acres of C-2 zoned land at the entrance to Liberty, a Hillwood master-planned community in Melissa, TX.; Pad sites available for sale or ground lease.; Liberty is a 500+ acre master-planned community with approximately 2,000 homesites and 1,200 existing households.
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    Hwy 5 & Pennsylvania Ave 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.

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    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
    Hwy 5 & Pennsylvania Ave Melissa, TX 75454
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