303 Virginia Dr, Celina, TX 75009
This exceptional 13,119 square foot commercial land parcel presents a remarkable development opportunity in the rapidly expanding Celina, Texas market. Located at 303 S Virginia Drive, this single-tenant property boasts 160 feet of frontage on Highway 289, ensuring high visibility and accessibility. Its strategic location offers a 3-minute drive to Celina's vibrant downtown area and is conveniently situated within 7 minutes of Celina High School and directly adjacent to Celina Middle School, guaranteeing substantial foot and vehicle traffic. The property's zoning is designated as Commercial, allowing for a diverse range of development possibilities, including a convenience store, strip mall, or other commercial enterprises. Its proximity to Prosper, McKinney, Plano, Allen, Frisco, and Melissa, coupled with a short 45-minute commute to downtown Dallas and DFW Airport, provides unparalleled access to a large and growing consumer base. The City of Celina actively encourages business growth by offering attractive incentives such as property tax abatement, triple Freeport exemption, sales tax agreements, building fee reductions, infrastructure improvements, and expedited development review. This presents a unique chance to capitalize on Celina's booming economy and establish a thriving business in a highly desirable location. The lot size is 13,119 square feet, with the cross street being E Elm Street. The property is in Collin County, Texas, zip code 75009.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.