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    78 State Hwy Nevada, TX 75173

    For Sale
    $5,600,000

    ±80 Acres, Prime Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional ±80-acre property presents a unique investment opportunity in rapidly developing Collin County, Texas. Strategically located on the hard corner of Highway 78 and County Road 489, this land boasts a signalized intersection, maximizing visibility and accessibility. The property offers over 3100 feet of frontage on Highway 78 and over 1700 feet on County Road 489, providing ample space for diverse development. Currently zoned for agricultural use, the land is ideally suited for a mix of retail and one-acre residential development, capitalizing on the area's significant growth. A substantial 6-inch water line runs beneath Highway 78 and along the County Road 489 frontage, providing essential infrastructure. Utility easements are situated along the southern portion of the property. Located within the Wylie ETJ (Extra Territorial Jurisdiction) and served by the highly-rated Community ISD, this property benefits from excellent school district access and proximity to established amenities. This is one of the last undeveloped tracts in Collin County, poised for significant appreciation as development continues in this thriving area. The asking price is $5,600,000. APN: 2550538.

    Property Features for 78 State Hwy

    General Information

    Property type
    Farms
    Lot Size
    3,484,800 SF

    HighLights

    • ±85‑acre hard corner lot at Hwy 78 & CR 489, Collin County, TX.
    • Signalized intersection maximizes visibility and accessibility.
    • Over 3,100 ft of Hwy 78 frontage and over 1,700 ft of CR 489 frontage.
    • 6" water line runs beneath Hwy 78 and along CR 489 frontage.
    • Zoned for agricultural use, ideal for retail and 1‑acre residential development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Nevada
    County
    Collin
    State
    Texas
    Longitude
    -96.424503223355
    Latitude
    33.066127992041

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Farm - ±80 Acres, Prime Development Opportunity
    Where is this farm located?
    The property is located at 78 State Hwy Nevada, TX.
    What is the asking price?
    The asking price for this property is $5,600,000.
    What are key features of this property?
    This property features: ±85-acre hard corner lot at Hwy 78 & CR 489, Collin County, TX.; Signalized intersection maximizes visibility and accessibility.; Over 3,100 ft of Hwy 78 frontage and over 1,700 ft of CR 489 frontage.
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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
    78 State Hwy Nevada, TX 75173
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