78 State Hwy, Nevada, TX 75173
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.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.