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2494 Bryant St - 18.27+/- Acre Development Opportunity 18.27 Acres of Residential Land Offered at $5,769,217 in Melissa, TX 75454
INVESTMENT HIGHLIGHTS
- The Site is located less than a half mile southeast of State Highway 121, and less than two miles east of US Highway 75.
- The Site’s size and location make this Site an ideal opportunity to potentially rezone for uses such as multifamily, build-to-rent or commercial.
- Melissa’s rapid population growth makes it an ideal location for new development due to increased demand for housing and new business.
- The Site is located less than a mile southwest from the Melissa Z-Plex, a massive recreation center with fields for baseball and soccer.
- According to the US Census Bureau, Melissa has a population of approximately 23,571 as of 2023 and has grown nearly 70% since 2020.
- The median household income in Melissa as of 2023 was an outstanding $137,875.
PROPERTY FACTS
| Price | $5,769,217 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 18.27 AC |
| Property Type | Land | ||
| Zoning | SF-3 and AG - SF-3 (Single Family) and AG (Agricultural) | ||
| Price | $5,769,217 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 18.27 AC |
| Zoning | SF-3 and AG - SF-3 (Single Family) and AG (Agricultural) |
1 LOT AVAILABLE
Lot
| Price | $5,769,217 | Lot Size | 18.27 AC |
| Price Per AC | $315,775.42 |
| Price | $5,769,217 |
| Price Per AC | $315,775.42 |
| Lot Size | 18.27 AC |
DESCRIPTION
Vanguard Real Estate Advisors (“VREA”) is pleased to present qualified investors and developers the opportunity to acquire approximately 18.268+/- acres, consisting of 2 adjacent parcels, located along Milrany Lane, in the rapidly growing city of Melissa, Texas. Approximately 6+/- acres is zoned SF-3, which permits single-family development with minimum lot width of 60’. The remaining 12.27+/- acres is zoned Agricultural. The Site is located less than a mile southeast from State Highway-121, providing rapid access to McKinney and the greater North Texas area. Exponential growth and ongoing development in Melissa makes this Site highly desirable. It is well suited for a variety of potential uses through a potential rezone; such as mixed-use, multifamily, build-to-rent, commercial, or high density single family development. A 1% co-broker fee is available to a Broker that sources a Principal that VREA has not previously contacted in any format or sent information to regarding this opportunity; a third party broker must register their client upon initial contact with VREA.
PROPERTY TAXES
| Parcel Number | R-6867-001-1200-1 | Improvements Assessment | $0 |
| Land Assessment | $480,000 | Total Assessment | $480,000 |
PROPERTY TAXES
CONTACTS
-
Jordan Cortez -
Reid Pierce -
Will Droese -
Haley Birmingham -
Alex Johnson -
Mason John -
Tim Marron -
Justin Tidwell -
Vanguard Real Estate Advisors
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2494 Bryant St - 18.27+/- Acre Development Opportunity
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