County Road 277 - Commercial LAND FOR SALE


Melissa, TX 75454 3,428,608 SF
$3,000,000-$36,000,000 USD
214-533-6437
County Road 277, Melissa, TX for Sale
$3,000,000-$36,000,000 USD
Commercial LAND - FOR SALE
1/13
3,428,608 SF

County Road 277
Melissa, TX 75454


HIGHLIGHTS

  • County Road 277 is a four-parcel assemblage for mixed-use development with tracts for retail, multi-family, office, and park usage.
  • Situated near Highway 75 / Central Expressway between Anna and Melissa, five minutes from McKinney, 10 minutes from Allen, and 20 minutes from Plano.
  • Make an enduring investment in Collin County, the fastest-growing county in Texas, with a projected population of more than 2.4 million by 2050.
  • Anna's city center is experiencing exponential growth with an influx of youthful residents and a current median age of 32.
  • Average household income of more than $110,000 contributes to $2.4 billion in annual consumer spending within a 10-mile radius of County Road 277.
  • City is brimming with new builds as Anna Town Center is underway 2.5 miles away, and over 13.6K new rooftops are coming in the next five years.

OVERVIEW

Meet market trends head-on with this multi-use development opportunity in Collin County at County Road 277 along the primary thoroughfare of a thriving region. The land assemblage borders Telephone Road, Throckmorton Creek, and Central Expressway/Highway 75. There are three main commercial tracts, with Tract 4 intended for a partnership with the local government to incorporate a public park to complement the development. Tract 1 is positioned at the northernmost point of the assemblage and is the only tract available for both lease and sale. The parcel is designated for retail use with a preference for a big-box tenant anchor. There is room to add smaller storefront tenants or out parcels with drive-thrus. The flexible general commercial district, or C-2, zoning allows for a broad spectrum of businesses and a speedy approval process. This tract is best suited for retail use as it is the closest to Central Expressway / Highway 75 and receives exposure from around 50,000 vehicles per day. Tract 2 has received approved zoning for up to 500 multi-family units and is encompassed by the other parcels, providing residents with a built-in hub of amenities at their doorstep. The direct highway access will allow commuters to easily reach prominent professional hubs like Plano and keep them close to the city centers of Anna and Melissa. Tract 3 is adjacent to Tract 4, running along Telephone Road, with multiple avenues available for development. The proximity to the new retailers and apartments would form a modern mixed-use campus for office users. In addition, indoor sports complexes could use the incoming park next door, and small retailers could build here. The city of Melissa, Anna, and Collin County are prime examples of growth and success throughout all of Texas as the Dallas-Fort Worth metro area's migration surges upward, shifting the center of gravity to places like Plano, Allen, and McKinney. Swaths of communities have sprung up in cities like Melissa and Anna in anticipation of continued growth. The low cost of living, the excellent Melissa Independent School District, the connectivity to emerging power markets, and County Road 277's strategic location between the two cities also attract new communities. This unprecedented migration is abundantly clear in demographic data, with estimates calling for a 12% population spike from 2023 to 2028 within a 5-mile radius of the assemblage. This comes after a blistering rise in population for that same area from 2010 to 2023 when the number of residents grew by 112%. These residents are also some of the highest earners in the metro area because Collin County’s median incomes consistently rank higher than the state and nation. Developers are jockeying for a position in this up-and-coming area and a Walmart-anchored 115-acre Anna Town Center project is currently being built 2.5 miles north on Highway 75. Add to the buzz and harness the speeding migratory forces by establishing a novel destination at County Road 277 today. Enquire now.

FOR SALE DETAILS

PRICE

$3,000,000-$36,000,000 USD

PRICE/ACRE

$457,375/AC

PRICE/SF

$10 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Mixed-Use Land Assemblage

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Retail, Office, Apartment Units, Public Park

LAND ACRES

78.71 AC

LAND SF

3,428,608 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

Multi-Family

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ram MuthuThink Big InvestmentsMore Info
214-533-6437

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Ram MuthuThink Big InvestmentsMore Info
214-533-6437

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.