2136 Melissa Rd Melissa, TX 75454
- Commercial real estate
- 6.70 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2136 Melissa Rd
- Lot size
- 6.70 lot acres
- Property type
- Commercial real estate
Description
This exceptional 6.7-acre commercial land parcel presents a remarkable investment opportunity in the rapidly growing city of Melissa, Texas. Zoned for future retail use, this property enjoys a strategic location at the intersection of SH 121 and Melissa Road, directly adjacent to the new Melissa Village development. The site offers excellent visibility and accessibility, benefiting from its proximity to the expanding Melissa Road (completion of US 75 to SH 121 expansion projected for 2021). Pad sites are available for sale or ground lease. This location is surrounded by a substantial residential population, with over 10,000 new housing units and residential lots nearby, including the Liberty subdivision – a 500+ acre master-planned community with over 1,200 existing households and approximately 2,000 planned homesites. Melissa's impressive population growth is projected to reach 125,000 by 2050, fueled by recent development, including 600 new single-family homes completed in 2019 and a further 7,600 currently in permitting or under construction. This property offers unparalleled potential for retail development in a thriving market experiencing significant residential expansion and population increase. The Collin County location and proximity to major roadways ensure high traffic volume and excellent visibility for any future development. Contact us for pricing information.
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
- -96.5652023
- Latitude
- 33.2833664
