200 Hooper Rd Wylie, TX 75098
This exceptional 2.41-acre lot presents a rare opportunity for development in Wylie, Texas. Located within the thriving Regency Business Park in Collin County, this property is zoned for Light Industrial use, offering a wide range of potential applications. Permitted uses include warehouse construction, outdoor storage, vehicle parking, and automotive repair, among others. The asking price of $1,620,000 represents an exceptional value, particularly considering it's the lowest priced per square foot light industrial zoned property in the area. This rapidly developing market shows significant growth potential, evidenced by several ongoing projects nearby. A new 50-acre residential development is currently under construction approximately 1,000 feet south of the property, indicating strong residential growth and increased demand for commercial services. Furthermore, the area boasts recent additions of popular businesses, including a Dutch Bros. Coffee, Wild Fork Foods, and a Bojangles Restaurant, all located within close proximity to the business park, enhancing the area's appeal and attracting a growing customer base. The property's address is 200 Hooper Rd, Wylie, TX 75098. This site offers significant potential for investors and developers seeking a strategic location in a booming market. The property's convenient location and diverse zoning possibilities make it an ideal investment for a variety of commercial ventures.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.