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    Nec - Us 75 & Throckmorton Rd Melissa, TX 75454

    For Sale
    Contact for pricing

    23 Acres, Mixed-Use Potential, TX

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 23.28-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Melissa, Texas. Strategically located at the northeast corner of US Highway 75 and Throckmorton Road, this property boasts unparalleled visibility and accessibility, making it ideal for a wide range of commercial developments. The ETJ (Extra Territorial Jurisdiction) zoning designates future use as Mixed-Use, opening doors to diverse possibilities, including retail, office, residential, or a combination thereof. This expansive lot offers significant potential for developers seeking to capitalize on the area's robust growth and burgeoning population. Its prime location along a major transportation artery ensures high traffic volume and excellent exposure for any commercial venture. The property's size allows for substantial development, accommodating large-scale projects with ample space for parking, landscaping, and building footprints. With its strategic location, flexible zoning, and significant acreage, this property represents a rare opportunity to establish a prominent presence in a rapidly expanding Texas market. The Collin County location adds to the desirability, offering access to a strong workforce and a thriving community. Serious inquiries are encouraged to explore the full potential of this exceptional commercial land offering. The property is located in zip code 75454.

    Property Features for 0 Nec - Us 75 & Throckmorton Rd

    General Information

    Property type
    Land
    Lot Size
    1,014,077 SF

    HighLights

    • 23.28‑acre commercial land parcel in Melissa, TX.
    • Prime location at US Hwy 75 & Throckmorton Rd, offering high visibility and accessibility.
    • Mixed‑Use ETJ zoning allows for retail, office, and residential development.
    • Significant development potential due to size and location in a high‑growth area.
    • Located in Collin County, TX, zip code 75454.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Melissa
    County
    Collin
    State
    Texas
    Longitude
    -96.5929229
    Latitude
    33.2761176

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    FAQs

    What type of property is this?
    Land - 23 Acres, Mixed-Use Potential, TX
    Where is this land located?
    The property is located at Nec - Us 75 & Throckmorton Rd Melissa, TX.
    What are key features of this property?
    This property features: 23.28-acre commercial land parcel in Melissa, TX.; Prime location at US Hwy 75 & Throckmorton Rd, offering high visibility and accessibility.; Mixed-Use ETJ zoning allows for retail, office, and residential development.
    (214) 526-3626
    Request Owner's contact information
    Nec - Us 75 & Throckmorton Rd 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.

    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
    Nec - Us 75 & Throckmorton Rd Melissa, TX 75454
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