Collin County Outer Loop Melissa, TX 75409

This exceptional 54.9-acre property in Anna, Texas, presents a unique investment opportunity. Located at the northeast corner of the Collin County Outerloop and US-75, this fully entitled site is zoned for both multifamily (MF) and commercial (C-3) development. The multifamily component is approved for up to 700 units, a four-story maximum height, and surface parking. Building material requirements are cost-effective, with only 50% masonry needed for front elevations and 30% for sides and rear. Parking requirements are also favorable at 1.53 spaces per unit. The commercial zoning encompasses approximately 3.6 acres. The site boasts a prime location with readily accessible water utilities on US-75 and sewer services approximately 1,500 feet east. Anna's remarkable growth trajectory, with a 1915% increase in population since 2000 and a projected 45% trade area expansion by 2025, makes this a highly attractive investment. The completion of the Collin County Outerloop from US-75 to FM 2478 is anticipated by January 2026, further enhancing accessibility. The proximity to educational institutions serving over 3,000 students supports the potential for retail or service businesses. The APN is R-6505-000-0040-1. Offers are due November 3, 2023.