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    Land

    0 Melissa - Nwq & Swq - Telephone Rd & Crk 282, Melissa, TX 75454

    234 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 234-acre commercial land tract presents a unique investment opportunity in the rapidly growing city of Melissa, Texas. Located in Collin County, this property boasts a highly desirable Melissa ETJ zoning designation, opening doors to a wide range of commercial development possibilities. The expansive lot size offers ample space for large-scale projects, catering to diverse needs. Strategic positioning near the intersection of Telephone Road and County Road 282 ensures excellent visibility and accessibility. Furthermore, the property benefits from proximity to major transportation arteries, with U.S. Highway 75 registering 74,280 vehicles per day and TX State Highway 121 recording 24,396 vehicles per day, guaranteeing high traffic exposure for any future development. Infrastructure is readily available, including a South Grayson Water Supply Corporation water line and sewer services located approximately 0.75 miles south on Telephone Road within the City of Melissa. This prime location, combined with its substantial size and advantageous zoning, makes this property an ideal choice for developers seeking a significant land acquisition in a thriving Texas market. The 75454 zip code further underscores its strategic location within a dynamic and expanding region. This is a rare opportunity to secure a substantial land parcel with significant development potential in a high-growth area.

    Property profile
    Verified
    Property type Land
    Lot 234 ac (10,193,040 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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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