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    2514 Parker Rd Wylie, TX 75098

    For Sale
    $2,100,000

    Prime Wylie location, high growth, CVS anchored

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 80,102 sq ft commercial land parcel in Wylie, Texas, presents a lucrative investment opportunity. Located at the signalized intersection of FM 1378 and FM 2514, this property boasts a highly visible location on two six-lane thoroughfares. The site is already partially developed, with a CVS Pharmacy currently operating. One pad site is available for ground lease, and a multi-tenant retail building is under development, with Letters of Intent representing 64% pre-leased space. The property is zoned PD-10, allowing for a wide range of retail uses, including restaurants, fuel stations, banks, and professional services. Surrounded by thousands of existing homes and with thousands more planned nearby, this location offers unparalleled access to a large consumer base. High barriers to entry, limited competition, and a finished, pad-ready lot with all utilities in place make this a truly unique opportunity. The property's strategic location, coupled with its high visibility and zoning flexibility, ensures strong potential for long-term growth and profitability. The two remaining lots can be purchased separately or combined, offering flexibility for various development scenarios. This is a rare chance to capitalize on the explosive growth in the Wylie area and establish a thriving commercial presence in a highly desirable location. APN: R430698, R430689. Asking price: $2,100,000.

    Property Features for 2514 Parker Rd

    General Information

    Property type
    Land

    HighLights

    • Dual frontage on a major thoroughfare with a signalized intersection.
    • High traffic counts and multiple points of access.
    • Located in a rapidly growing area.
    • High barriers to entry for competitors.
    • Strong commercial demand.
    • Minimal to no existing commercial competition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Auto Repair Shop Clothing Store Gym & Fitness Skin Care Clinic Grocery Store Storage Facility Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wylie
    County
    Collin
    State
    Texas
    Longitude
    -96.568654125536
    Latitude
    33.053596855487

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    FAQs

    What type of property is this?
    Land - Prime Wylie location, high growth, CVS anchored
    Where is this land located?
    The property is located at 2514 Parker Rd Wylie, TX.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: Dual frontage on a major thoroughfare with a signalized intersection.; High traffic counts and multiple points of access.; Located in a rapidly growing area.
    Request Owner's contact information
    2514 Parker Rd Wylie, TX 75098
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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
    2514 Parker Rd Wylie, TX 75098
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