5404 Magnolia Dr Celina, TX 75009
- Land
- 8.64 lot acres
Current Use by Public Records
- Land
Property Details for 5404 Magnolia Dr
- Lot size
- 8.64 lot acres
- Property type
- Land
Description
This exceptional 8.64-acre commercial land parcel presents a unique investment opportunity in the rapidly growing city of Celina, Texas. Located at 5404 Smiley Rd & 1025 Magnolia Dr in Denton County (zip code 75009), this property is zoned for residential use, offering significant development potential. The lot is situated in a prime location, approximately 0.6 miles from FM 428 and 3.1 miles from the Dallas North Tollway, providing convenient access to major transportation arteries. Smiley Road is slated for six-lane expansion, and FM 428 is designated as a future segment of the W. Outer Loop, further enhancing accessibility and future value. The property is free of floodplain and adjacent to Celina Station 2.0, a 900-home community, offering potential utility connection advantages. The City of Celina actively encourages townhome development in this area, aligning with the future land use designation of Regional Mixed-use 2. Celina's remarkable growth trajectory, recognized as the fastest-growing city in North Texas, projects a population increase to approximately 120,000 by 2030, from its current 43,000. This robust market, evidenced by 2,500 building permits issued in 2023 alone and an average home value of $480,540, makes this land a highly attractive investment. A portion of a larger tract (11.2 acres at 1025 Magnolia Dr) was recently sold on 10/17/24 to Capital Ventures enterprises LLC by Godland Asset Group LLC. This sale further validates the market demand and potential of this exceptional property.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Celina
- County
- Denton
- State
- Texas
- Longitude
- -96.8644
- Latitude
- 33.2859
