550 Parker Rd Wylie, TX 75098
- Commercial real estate
- 6.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 550 Parker Rd
- Lot size
- 6.00 lot acres
- Property type
- Commercial real estate
Description
This exceptional 6-acre agricultural property in Wylie, Texas, presents a unique investment opportunity. Located in Collin County, at 550 Parker Rd, zip code 75098, this land boasts a desirable location, approximately 2.5 miles from the Inspiration development and close to Lake Lavon. Currently zoned for agricultural use, the property offers immediate utility for farming or ranching. However, its strategic location also presents exciting potential for future commercial development. The proposed expansion of Park Boulevard is planned to run near this area, significantly enhancing accessibility and value. The property is situated outside the 100-year floodplain, according to flood maps and the owner's assessment, mitigating risk. This 1031 exchange-eligible property is offered at $1,325,000 and is ideal for investors seeking a versatile land asset with both immediate and long-term growth potential. The property's size and location make it an attractive prospect for a variety of uses, from continued agricultural use to future commercial ventures. Serious inquiries are encouraged to explore the possibilities of this exceptional Collin County land.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wylie
- County
- Collin
- State
- Texas
- Longitude
- -96.5418281
- Latitude
- 33.0288474
