Melissa Rd Melissa, TX 75454
- Land
- 3.82 lot acres
Current Use by Public Records
- Land
Property Details for 0 Melissa Rd
- Lot size
- 3.82 lot acres
- Property type
- Land
Description
This exceptional 3.82-acre commercial land parcel presents a unique build-to-rent opportunity in the thriving city of Melissa, Texas. Situated just south of E Melissa Road and west of Milrany Lane, this property is strategically located within a planned development specifically designed for townhome construction, allowing for a high-density build-out of up to 172 units at a rate of 12.8 units per acre. The site benefits from its proximity to major retail developments, including a future H-E-B less than three miles away and a future Kroger less than one mile away, ensuring strong tenant demand. Families will be drawn to the property's location within the highly-rated Melissa ISD school district. Furthermore, its convenient access to major transportation arteries, including Highway 121, US-75, and the Collin County Outer Loop, provides excellent connectivity for residents. This property offers investors a compelling combination of prime location, high-density potential, and strong market fundamentals, making it an exceptional investment opportunity in a rapidly growing area. The permitted zoning is specifically for Build to Rent, streamlining the development process. The Collin County location adds to the appeal of this exceptional property.
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
- Melissa
- County
- Collin
- State
- Texas
- Longitude
- -96.5746
- Latitude
- 33.2846
