Swq Melissa Rd & Mckinney St Melissa, TX 75454
- Land
- 10.75 lot acres
Current Use by Public Records
- Land
Property Details for 0 Swq Melissa Rd & Mckinney St
- Lot size
- 10.75 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 10.75-acre tract of land presents a unique investment opportunity in the thriving city of Melissa, Texas. Located at the intersection of SWQ Melissa Road and McKinney Street, this property boasts convenient access to major transportation arteries, including Sam Rayburn Highway and I-75, ensuring seamless connectivity for businesses and residents. The land is zoned for both agricultural and commercial uses, offering considerable flexibility for development. The asking price is $5,150,970, translating to $11 per square foot. This strategic location places the property within the heart of Melissa's rapidly expanding community, a region experiencing significant residential growth with over 6,000 single-family and 872 multi-family units planned. While on-site detention is required, the potential for substantial return on investment is undeniable, given the area's robust development trajectory and prime location. This property is ideal for developers seeking a foothold in a burgeoning market or investors looking for a strong, long-term asset. The property's size and location make it suitable for a variety of commercial ventures, capitalizing on the area's increasing population and demand for commercial space. Serious inquiries are encouraged. The zip code is 75454.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Melissa
- County
- Collin
- State
- Texas
- Longitude
- -96.5801
- Latitude
- 33.2841