502 Illinois St, Celina, TX 75009
This exceptional 3-acre commercial land parcel presents a unique investment opportunity in the heart of Celina, Texas. Located at 502 N Illinois St, in the desirable downtown area and governed by the "Bricks" zoning designation, this property offers unparalleled potential for a variety of uses. The master-planned location ensures seamless integration into the vibrant Celina community. With its expansive 3-acre lot size, this site is ideally suited for ambitious development projects. Permitted uses include hotels, restaurants, bars, multifamily residential buildings, and townhomes, providing flexibility for diverse investment strategies. The property's strategic location within the thriving downtown Celina area guarantees high visibility and accessibility, making it an attractive proposition for businesses and developers alike. The asking price is $1,975,000. This prime location in Collin County, Texas, zip code 75009, offers exceptional growth potential and a strong return on investment. The coordinates are 33.3286195 latitude and -96.7894145 longitude. Don't miss this chance to acquire a significant piece of Celina's burgeoning commercial landscape. Serious inquiries only.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.