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    OFF-MARKET
    Land

    399 Malone St, Celina, TX 75009

    8.9 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 8.9-acre commercial land parcel presents a unique investment opportunity in the heart of Celina, Texas. Strategically located at 399 E Malone St, 75009, this property boasts a PD zoning designation, offering considerable flexibility for development. Its prime location is just west of Preston Road and north of Bobcat Stadium, providing convenient access to major thoroughfares and community amenities. The site is surrounded by thriving residential communities, including Northside at Rollertown (featuring 455 single-family lots and 550 multifamily units), Heritage (with 337 single-family lots), Calltemen's Crossing (a mixed-use development with 505 single-family lots and 49 multifamily units), and Hillside Village (comprising 289 single-family lots). Further enhancing its appeal, FM 455 is planned to run through the center of this property. The area is experiencing significant growth, with phase one of a multifamily development currently under construction and nearby single-family lots nearing completion. This presents a compelling opportunity for developers seeking to capitalize on Celina's burgeoning market and create a thriving commercial project within a vibrant residential environment. The property's size and location make it ideal for a variety of commercial uses, subject to zoning approvals. Contact for pricing and additional information.

    Property profile
    Verified
    Property type Land
    Lot 8.9 ac (387,684 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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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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