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    Neq - Main St & Overlake Dr The Colony, TX 75056

    For Sale
    Contact for pricing

    Prime 2.14-acre retail site in The Colony, TX.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 2.14-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of The Colony, Texas. Located at the intersection of Main Street and Overlake Drive in Denton County, this property boasts a highly desirable General Retail zoning designation, making it ideal for a wide range of commercial developments. The site's strategic location benefits from exceptional visibility and accessibility, with significant daily traffic volumes. Main Street sees an impressive 45,401 vehicles per day, while Lebanon Road registers 17,511 vehicles per day, ensuring substantial exposure for any future business. Utilities are readily available at the site, simplifying the development process. This property is ready for immediate development, offering a blank canvas for entrepreneurs and investors seeking to capitalize on the robust growth and strong demographics of The Colony. The 75056 zip code offers a dynamic market with significant potential for retail success. This is a rare opportunity to acquire a sizable, well-located parcel in a thriving Texas community. Don't miss out on this chance to build your next commercial venture.

    Property Features for 0 Neq - Main St & Overlake Dr

    General Information

    Property type
    Land
    Lot Size
    93,218 SF

    HighLights

    • ±2.14‑acre commercial land parcel in The Colony, TX.
    • High traffic counts: Main Street (45,401 VPD), Lebanon Road (17,511 VPD).
    • General Retail zoning.
    • Utilities available on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    The Colony
    County
    Denton
    State
    Texas
    Longitude
    -96.8919673
    Latitude
    33.1058982

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    FAQs

    What type of property is this?
    Land - Prime 2.14-acre retail site in The Colony, TX.
    Where is this land located?
    The property is located at Neq - Main St & Overlake Dr The Colony, TX.
    What are key features of this property?
    This property features: ±2.14-acre commercial land parcel in The Colony, TX.; High traffic counts: Main Street (45,401 VPD), Lebanon Road (17,511 VPD).; General Retail zoning.
    (214) 526-3626
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    Neq - Main St & Overlake Dr The Colony, TX 75056
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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
    Neq - Main St & Overlake Dr The Colony, TX 75056
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