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    OFF-MARKET
    Land

    0 Nec Preston Rd & Ownsby Pkwy, Celina, TX 75009

    5.35 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 5.35-acre commercial land parcel is situated at the northeast corner of Preston Road and Ownsby Parkway in Celina, Texas, zip code 75009. The property boasts excellent visibility and accessibility due to its prominent hard corner location, experiencing high traffic counts. Zoned for commercial use, this site presents numerous development opportunities, including retail, office, mixed-use, and restaurant establishments. The location is strategically positioned near Celina Town Center, south of Carter Ranch, and west of Hillwood's new residential development, ensuring a strong surrounding residential base. Both Preston Road and Ownsby Parkway are slated for expansion to six lanes, further enhancing accessibility and visibility. The property benefits from its proximity to recently completed and currently under-construction developments, including a new Costco and Lowe's. The property owner is open to various offers, but prefers a ground lease arrangement. This exceptional parcel offers a rare opportunity to capitalize on the rapid growth and development occurring in Celina, Collin County. The significant frontage on Preston Road provides unparalleled exposure for any commercial venture.

    Property profile
    Verified
    Property type Land
    Lot 5.35 ac (233,046 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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    CAP Approach CAP
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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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