399 Malone St, Celina, TX 75009
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.