Property profile

3600 Melissa Rd Melissa, TX 75454

OFF-MARKET
Land
Property ID
US82-2671187
12.55 ac lot
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Property summary

AI-generated overview

This exceptional 12.55-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Melissa, Texas. Strategically located at 3600 E Melissa Rd, in Collin County, zip code 75454, this property enjoys a prime position bordering Melissa High School to the south. Its ideal location offers unparalleled potential for various commercial ventures, including retail development and multi-family housing. The asking price is $7,500,000. The property's high visibility and accessibility make it an attractive proposition for businesses seeking to capitalize on Melissa's rapid growth. With significant residential and commercial expansion underway, including the construction of a new Kroger and the announcement of a new HEB location, this is a timely investment in a dynamic market. The area's robust growth trajectory ensures strong future returns for discerning investors. This is a rare opportunity to acquire a substantial land holding in a location poised for continued expansion and prosperity. The property's size and location make it suitable for a variety of large-scale commercial developments. Don't miss this chance to secure a piece of Melissa's burgeoning commercial landscape. The coordinates for this property are 33.2836569 latitude and -96.5430558 longitude.

Property profile

Verified
Property type Land
Lot 12.55 ac (546,678 SF)
UPID US82-2671187

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3600 Melissa Rd Melissa, TX 75454
Melissa metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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