10.13+/- Acre Development Site | Prosper, TX

Highlights:

• The Site is located less than a half mile west of the Dallas North Tollway, and also less than a half mile north of US Highway 380.
• The Site has prime frontage along Prairie Drive, a newly constructed 4-lane divided roadway, connecting with the Dallas North Tollway.
• The Site is currently zoned within PD-71 with the Site designated as SF-10. The existing zoning allows for single family development with a 10,000 SF lot minimum.
• The Site’s strategic location makes it a great opportunity for a rezone to commercial/retail as the future land use map has this Site in the Dallas North Tollway District which calls for a diverse mix of retail and office uses.
• The Seller has received indications from the city previously that they would be open to rezoning the Site for commercial/retail uses.
• According to the US Census Bureau, Prosper has a population of approximately 45,598 as of 2024 and is growing at a rate of 8.67% annually.
• Nearby major employers include Texas Health Resources, Prosper ISD and Kroger.
• The average household income in Prosper is an outstanding $187,603 per the US Census Bureau.

Description:

Vanguard Real Estate Advisors (“VREA”) is pleased to present the opportunity to acquire 10.13+/- acres consisting of two contiguous parcels along Prairie Drive in rapidly growing Prosper, Texas. Currently zoned under PD-71, the Site is approved for residential development; however, given its strategic location, the future land use plan, and direct frontage on Prairie Drive makes it a likely rezoning candidate for commercial/retail or higher density residential.

This Site is situated in the heart of Prosper's thriving commercial corridor, surrounded by national retailers, upscale residential communities, and expanding employment centers. The area’s exponential growth and affluent demographics makes this a highly desirable Site.

To gain access to the Due Diligence Vault click on the link below:
https://docsend.com/view/s/neb8yr374g2qxpn4

A 2% co-broker fee is available to a Co-Broker that sources a Principal that VREA has not previously contacted in any format or sent information regarding this opportunity. A third-party broker must identify their client upon initial contact with VREA.

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