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    OFF-MARKET
    Land

    78 State Hwy, Nevada, TX 75173

    80 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional ±80-acre property presents a unique investment opportunity in rapidly developing Collin County, Texas. Strategically located on the hard corner of Highway 78 and County Road 489, this land boasts a signalized intersection, maximizing visibility and accessibility. The property offers over 3100 feet of frontage on Highway 78 and over 1700 feet on County Road 489, providing ample space for diverse development. Currently zoned for agricultural use, the land is ideally suited for a mix of retail and one-acre residential development, capitalizing on the area's significant growth. A substantial 6-inch water line runs beneath Highway 78 and along the County Road 489 frontage, providing essential infrastructure. Utility easements are situated along the southern portion of the property. Located within the Wylie ETJ (Extra Territorial Jurisdiction) and served by the highly-rated Community ISD, this property benefits from excellent school district access and proximity to established amenities. This is one of the last undeveloped tracts in Collin County, poised for significant appreciation as development continues in this thriving area. The asking price is $5,600,000. APN: 2550538.

    Property profile
    Verified
    Property type Land
    Lot 80 ac (3,484,800 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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