Property profile

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

OFF-MARKET
Land
23.28 ac lot
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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

Location

Nec - Us 75 & Throckmorton Rd Melissa, TX 75454
Melissa metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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