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    OFF-MARKET
    Commercial real estate

    502 Illinois St, Celina, TX 75009

    3 ac lot
    Property ID
    US83-3804821
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 3 ac (130,680 SF)
    UPID US83-3804821
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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