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OFF-MARKET
Land

2514 Parker Rd Wylie, TX 75098

Property ID
Property summary
AI-generated overview

This exceptional 80,102 sq ft commercial land parcel in Wylie, Texas, presents a lucrative investment opportunity. Located at the signalized intersection of FM 1378 and FM 2514, this property boasts a highly visible location on two six-lane thoroughfares. The site is already partially developed, with a CVS Pharmacy currently operating. One pad site is available for ground lease, and a multi-tenant retail building is under development, with Letters of Intent representing 64% pre-leased space. The property is zoned PD-10, allowing for a wide range of retail uses, including restaurants, fuel stations, banks, and professional services. Surrounded by thousands of existing homes and with thousands more planned nearby, this location offers unparalleled access to a large consumer base. High barriers to entry, limited competition, and a finished, pad-ready lot with all utilities in place make this a truly unique opportunity. The property's strategic location, coupled with its high visibility and zoning flexibility, ensures strong potential for long-term growth and profitability. The two remaining lots can be purchased separately or combined, offering flexibility for various development scenarios. This is a rare chance to capitalize on the explosive growth in the Wylie area and establish a thriving commercial presence in a highly desirable location. APN: R430698, R430689. Asking price: $2,100,000.

Property profile
Verified
Property type Land
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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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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