18.27+/- Acre Development Opportunity | Melissa, TX

Highlights:

• The Site is located less than a half mile southeast of State Highway 121, less than a quarter mile south of Melissa Road, and less than two miles east of US Highway 75.
• The Site is located less than a mile southwest from the Melissa Z-Plex, a massive recreation center with fields for baseball, soccer, and other recreational activities
• Melissa High School is located less than a mile to the northeast, which is part of the esteemed Melissa ISD and is currently undergoing a nearly $76M renovation.
• The Site is currently zoned Single Family-3 and AG (Agricultural).
• SF-3 zoning allows for low-density single-family zoning with a minimum lot size of 7,800 sqft with a minimum lot width of 60 feet.
• The Site’s size and location make this Site an ideal opportunity to potentially rezone for uses such as multifamily, build-to-rent, commercial, and more.
• According to the US Census Bureau, Melissa has a population of approximately 23,571 as of 2023 and has grown nearly 70% since 2020.
• Melissa’s rapid population growth makes it an ideal location for new development due to increased demand for housing and new business.
• The median household income in Melissa as of 2023 was an outstanding $137,875.

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.



To gain access to the Due Diligence Vault click on the link below:

https://docsend.com/view/s/bpsg8h2v3qc85apq



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.

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