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Property profile & analytics
OFF-MARKET
Land

00 Cr-365 Melissa, TX 75454

15.24 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 15.242-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Melissa, Texas. Located at the hard corner of W Foster Crossing and Highway 5, this property boasts significant road frontage – approximately 1000 feet along Highway 5 and over 1500 feet along W Foster Crossing, providing unparalleled visibility and accessibility. The expansive acreage offers considerable potential for a wide range of commercial developments, including multifamily housing, retail spaces, a gas station, or office buildings. The property's strategic location within Collin County, Texas, and its proximity to major transportation routes ensures convenient access for residents and businesses alike. The APN is 457829. This is a rare opportunity to acquire a large, strategically located parcel of land in a rapidly growing area, ideal for developers seeking to capitalize on the region's robust economic expansion. The asking price for this exceptional property is $5,250,000. The address is 00 CR-365, Melissa, TX 75454. This prime location offers significant potential for high returns on investment. Don't miss this chance to secure a piece of Melissa's vibrant future.

Property profile
Verified
Property type Land
Lot 15.24 ac (663,942 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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