0 Neq Heritage Ave & Gtwy Dr Colleyville, TX 76034
This exceptional 1.32-acre commercial land parcel in Colleyville, Texas (zip code 76034), presents a prime development opportunity. Located at the intersection of Heritage Avenue and Gateway Drive, this property boasts a CC2 zoning designation, permitting the construction of office and/or retail buildings up to two stories. The site is conveniently situated between Heritage High School and Middle School, ensuring high visibility and potential for strong foot traffic. Its strategic location also offers easy access to Highway 121, providing excellent connectivity to major transportation routes. The land is development-ready, with all utilities already in place, minimizing upfront infrastructure costs. Furthermore, the property's proximity to numerous national and local big-box retailers and restaurants creates a vibrant and established commercial environment, promising high potential for return on investment. The asking price is $1,300,000 per acre. The property may also be subdivided into two tracts, approximately 0.8 acres and 0.5 acres, offering flexible development options to suit various project needs. This is a rare opportunity to acquire a highly desirable commercial land parcel in a thriving Texas community.
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.