& TX-5 Swq Melissa Rd Melissa, TX 75454
- Retail properties
- 5,727 SF
Current Use by Public Records
- Retail properties
Property Details for & TX-5 Swq Melissa Rd
- Property size
- 5,727 SF
- Property type
- Retail properties
Description
This exceptional retail opportunity in Melissa, Texas, presents a 5,727 square foot building ideally situated at the intersection of SWQ Melissa Rd and TX-5. The property is part of the thriving Legacy Ranch development, directly across from a planned Walmart Supercenter, ensuring high visibility and significant foot traffic. The building is available for sale or lease and is particularly well-suited for medical users. The surrounding area boasts impressive growth, with Melissa's population expanding from 8,000 in 2015 to 25,201 in 2023, representing a remarkable 17.6% annual growth rate. This translates to a significantly under-served retail market, presenting a unique investment opportunity with substantial potential for return. The larger development includes a ±12,400 square foot retail building with two endcap drive-thrus, and an additional ±6,696 square foot space with an endcap drive-thru is also available. A separate ±11,367 square foot office building is also under construction, with delivery expected in Fall 2024. This prime location within a rapidly expanding community offers a compelling proposition for businesses seeking to capitalize on a burgeoning market. The property's strategic placement and the area's robust growth trajectory make this an exceptional investment opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Melissa
- County
- Collin
- State
- Texas
- Longitude
- -96.5747
- Latitude
- 33.2845
