1218 Sam Rayburn Hwy, Melissa, TX 75454-2215
- Commercial real estate
- 4,878 SF
- 2.94 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1218 Sam Rayburn Hwy
- Year built
- 2000
- Lot size
- 2.94 lot acres
- Zone code
- COMM
- Property type
- Commercial real estate
- APN
- R-4915-001-0010-1
- APU
- R491500100101
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 15, 2023 | — | 5640 Bryn Mawr LLC | Captex Bank | Venders Lien | $2.3M · Vista Bank |
| Jun 9, 2023 | $32,576 | State Of Texas | Captex Bank | Deed | — |
Description
This exceptional 2.9-acre commercial land parcel presents a unique investment opportunity in the thriving city of Melissa, Texas. Located at 1218 Sam Rayburn Highway, this property boasts a highly desirable General Commercial zoning designation, offering unparalleled flexibility for a wide range of commercial ventures. The expansive lot size provides ample space for development, allowing for significant build-out potential to suit diverse business needs. Its single-tenant designation simplifies development and management, making it an attractive option for businesses seeking a dedicated space. Situated in Collin County, this property benefits from the area's robust economic growth and strategic location, providing easy access to major transportation routes and a growing consumer base. The address, 1218 Sam Rayburn Highway, Melissa, TX 75454, places the land in a highly visible and accessible location, ensuring maximum exposure for any future development. This is a rare opportunity to acquire a substantial commercial land parcel in a rapidly developing area, offering significant long-term growth potential. The property is ready for immediate development, presenting a blank canvas for a discerning investor or business owner seeking to establish a strong presence in the Melissa market. The 2.9-acre lot provides ample space for a variety of commercial uses, making it an ideal investment for both short-term and long-term growth strategies. This is a prime location for businesses seeking visibility and accessibility in a thriving community.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,120,000
- 6.5%
- $1,035,000
- 7%
- $960,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $911,000
Market price range: $164k - $912k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Melissa
- County
- Collin
- State
- Texas
- Longitude
- -96.5858
- Latitude
- 33.2668
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
