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    OFF-MARKET
    Land

    0 Nec - Us 75 & Throckmorton Rd, Melissa, TX 75454

    23.28 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Lot 23.28 ac (1,014,077 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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