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5404 Smiley Rd & 1025 Magnolia Dr
Celina, TX 75009
8.64 AC. Land in Celina · Land For Sale · 8.64 AC

INVESTMENT HIGHLIGHTS

  • Celina ETJ. No zoning restrictions.
  • Free of floodplain
  • Future Land Use: Regional Mixed-Use 2
  • Prosper ISD (20%) and Celina ISD (80%)
  • Private road access to Simley Rd
  • Possibility of utility connection

PROPERTY FACTS

Property Type Land
Property Subtype Agricultural
Proposed Use
Commercial
  • Industrial
  • Mixed Use
  • Multifamily
  • Hold For Development
  • Self Storage
  • Single Family Development
  • Warehouse
Total Lot Size 8.64 AC
No. Stories 1
Zoning ETJ - No Restriction - Currently in Celina ETJ. No zoning restrictions. Future land use is Regional Mixed Use 2 (RMU-2).

DESCRIPTION

Younger Partners proudly presents an exceptional opportunity: ±8.64 acres of prime land in Celina, TX. This sought-after tract is strategically located at the southwest quadrant of FM 428 and Smiley Road in Denton County, within the Celina ETJ and serving both Prosper ISD and Celina ISD. All developable without any floodplain, this site is a rare find. Site is adjacent to Celina Station 2.0 to the south, a 900-home community, presenting exciting possibilities for utility connections, enhancing its development prospects with densities. Future land use for the site is Regional Mixed-Use 2. City of Celina welcomes townhome development for this location. Site is +/-0.6 miles from FM 428, +/-3.1 miles from the Dallas North Tollway, and +/-4.7 miles from Hwy 380. Notably, SmileyRoad is slated for expansion to six lanes, and FM428 is to become future W. Outer Loop. Celina has garnered attention as the fastest-growing city in North Texas, a trend recognized by the Dallas Business Journal in both 2019 and 2020. Positioned between the vibrant 'Golden Corridor' of Hwy 289 (Preston Road) and Dallas North Tollway, Celina has embraced development, experiencing exponential population growth, currently at around 43,000 residents and projected to reach about 120,000 by 2030. The city issued 2,500 building permits in 2023 alone, reflecting its robust real estate market, with an average home value of $480,540. Furthermore, the awarding of segment 4B phase by the NTTA and the imminent completion of the Dallas North Tollway expansion from Hwy 380 to 428 are poised to further propel Celina's economic growth.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R178552
Land Assessment
$1,600,000
Improvements Assessment
$0
Total Assessment
$1,600,000
  • Listing ID: 31741502

  • Date on Market: 5/8/2024

  • Last Updated:

  • Address: 5404 Smiley Rd & 1025 Magnolia Dr, Celina, TX 75009

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