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    399 Malone St Celina, TX 75009

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    For Sale
    Contact for pricing

    8.9 acres, prime Celina location. Excellent development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8.9-acre commercial land parcel presents a unique investment opportunity in the heart of Celina, Texas. Strategically located at 399 E Malone St, 75009, this property boasts a PD zoning designation, offering considerable flexibility for development. Its prime location is just west of Preston Road and north of Bobcat Stadium, providing convenient access to major thoroughfares and community amenities. The site is surrounded by thriving residential communities, including Northside at Rollertown (featuring 455 single-family lots and 550 multifamily units), Heritage (with 337 single-family lots), Calltemen's Crossing (a mixed-use development with 505 single-family lots and 49 multifamily units), and Hillside Village (comprising 289 single-family lots). Further enhancing its appeal, FM 455 is planned to run through the center of this property. The area is experiencing significant growth, with phase one of a multifamily development currently under construction and nearby single-family lots nearing completion. This presents a compelling opportunity for developers seeking to capitalize on Celina's burgeoning market and create a thriving commercial project within a vibrant residential environment. The property's size and location make it ideal for a variety of commercial uses, subject to zoning approvals. Contact for pricing and additional information.

    Property Features for 399 Malone St

    General Information

    Property type
    Land
    Lot Size
    387,684 SF

    HighLights

    • New FM 455 road construction will bisect the property.
    • Multifamily development Phase 1 is currently under construction.
    • Single‑family residential lots to the north are nearing completion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    Celina
    County
    Collin
    State
    Texas
    Longitude
    -96.781967679121
    Latitude
    33.327084256807

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    FAQs

    What type of property is this?
    Land - 8.9 acres, prime Celina location. Excellent development potential.
    Where is this land located?
    The property is located at 399 Malone St Celina, TX.
    What are key features of this property?
    This property features: New FM 455 road construction will bisect the property.; Multifamily development Phase 1 is currently under construction.; Single-family residential lots to the north are nearing completion.
    Request Owner's contact information
    399 Malone St 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
    399 Malone St Celina, TX 75009
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