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Preston Road & Lynn Stambaugh Pky
Celina, TX 75009
Retail Pad Sites & Joint Venture Development · Land For Sale
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13.49 AC
Investment Highlights
- Prime retail corner available for sale at $1.5M/acre. Preston Road & Lynn Stambaugh Parkway is a ±13.49 AC tract zoned C2 for general commercial use.
- Ideal ground leasing for retail pad sites, offices, or a high-end shopping center, and ownership will consider a development joint venture.
- An average household income of $154,746 contributes to $343.1 million in annual consumer spending within a five-mile radius.
- The land is already serviced by utilities with a 10” water line on Preston Road, an 8” sewer line at the rear of the tract, and electricity at site.
- Join one of the fastest-growing cities in the US as the population has tripled since 2010, and Celina expects to grow to 300,000 by 2050.
- Positioned on a prime retail corner, three minutes from Historic Downtown Celina, that sees traffic counts in excess of 17,000 vehicles per day.
Property Facts
Description
Hard corner up to 2 AC is available for sale at $1.5M/acre. Ownership is seeking to ground lease pad sites for retail along Preston Road and will consider a development joint venture to develop a grocery anchor, retail center or an office park on the eastern portion of the land. Inquire now.
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