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Highway 121 & Liberty Dr
Melissa, TX 75454
Melissa Village - Mixed Use Development · Land For Sale · 0.69 AC

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Bank
  • Drugstore
  • General Freestanding
  • Healthcare
  • Medical
  • Neighborhood Center
  • Restaurant
  • Storefront
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
Total Lot Size 0.69 AC
Zoning Planned Development

DESCRIPTION

Situated on State Highway 121 and Liberty Drive, Melissa Park Village is one of the only Planned Developments, located in the rapidly-growing city of Melissa, in Collin County, Texas. With two NEW multi-family communities under construction on the south side of the development (occupancy expected to be August of 2018), and numerous single-family residential neighborhoods surrounding Melissa Park Village, pedestrian traffic will be excellent to the community/recreation center, retail, and office destinations. Melissa is under-served with most residents having to travel to surrounding cities (McKinney, Allen, Frisco, Plano) in order to purchase their convenience goods and services. This is a premium opportunity to reach a massively growing community, with an average household income well above average, that is in great need of commercial development to meet their demands. US-75 is just a few minutes away via State Hwy 121 which fronts the project. The current expansion and planned signalized intersection at State Hwy 121 and the entrance to the Liberty residential development (Liberty Drive) will increase the accessibility and visibility of Melissa Park Village, as well as control traffic speed along State Hwy 121. As a Neighborhood Center, Melissa Park Village will provide the community with a wide range of service and product providers to serve local residents and visitors, and complement nearby retail destinations. Melissa Park Village offers the location, visibility, demand, and ease of access that appeals to tenants. The multi-use intention of the project includes a 30,000 SF community/recreation center as the keystone element along with abundant green-scapes and hard-scapes (such as bridges and fountains). There are nine pad-sites available to purchase or build-to-suit, and prospective tenants are ready to pre-lease their spaces. The on-site community and recreation center will also serve as an event destination, bringing additional traffic and exposure to all commercial tenants of the project. Additionally, this planned development offers the competitive edge of having three adjacent residential communities in close proximity, and Liberty, the largest subdivision in Melissa is located across State Highway 121. Due to the relatively new growth in the area, Melissa Park Village will become the first substantial mixed-use destination to be completed in “modern” Melissa.

  • Listing ID: 11446054

  • Date on Market: 2/1/2018

  • Last Updated:

  • Address: Highway 121 & Liberty Dr, Melissa, TX 75454

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