800 Choate Pkwy Celina, TX 75009

Property Details for 800 Choate Pkwy

Property type

Land

Property subtype

Farms

Description

This exceptional 18.5-acre property in Celina, Texas, presents a remarkable investment opportunity. Located at 800 Choate Parkway, this strategically positioned land boasts significant frontage on both the Collin County Outer Loop and Choate Parkway, offering unparalleled visibility and accessibility. Situated in the heart of Celina, between Preston Road and Coit/Custer Roads, the property benefits from its proximity to Collin College, a rapidly expanding institution. The area is experiencing significant residential growth, with nearby single-family and multifamily developments further enhancing the property's value and potential. An initial engineering plan report is available, and high-volume public water and sewer capacity is readily accessible. The property is zoned for Commercial and Residential use, allowing for a diverse range of development options, including commercial, office, institutional, mixed-use, multifamily, and specific-use projects. The site's elevation ensures excellent visibility for daily and destination traffic. The existing custom home on the property could provide additional value for certain users. The Collin County Outer Loop Overlay plan and the City of Celina's future growth projections support the property's long-term potential. Subdivision is possible, subject to owner approval. This centrally located site offers superior access, making it ideal for a mixed-use development catering to commercial, multifamily, hospitality, and institutional needs. Celina's rapid growth, projected to exceed 300,000 residents within the next 20 years, solidifies this land as a prime investment in one of the fastest-growing cities in the USA. The asking price is $16,975,000.

Location Insight

City

Celina

County

Collin

State

Texas

Longitude

-96.771

Latitude

33.295