Property summary
This exceptional 2.799-acre commercial land parcel in Melissa, Texas (75454), offers a prime opportunity for neighborhood retail development. Located on Melissa Road, near the intersection of Fannin Road, this site boasts excellent visibility and accessibility, with proximity to major thoroughfares including US Highway 75, State Highway 5, and State Highway 121. The property is ideally situated amongst established residential communities like Hunter's Ridge, Country Ridge, Villages of Melissa, and the new Legacy Ranch, ensuring a strong customer base. Permitted uses include retail, restaurants, medical and professional offices, and daycare facilities. City water and sewer services are readily available. Importantly, this property is free from rollback taxes and is not located within a flood plain. A mature tree line enhances the northern perimeter. Melissa Road, a four-lane divided arterial, provides significant traffic flow. Easement access to Fannin Road is potentially obtainable through the City of Melissa (verification required by the buyer). This presents a rare chance to develop a thriving commercial venture in a rapidly growing area.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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