5404 Magnolia DrCelina, TX 75009

Property Details for 5404 Magnolia Dr

Lot size

8.64 AC

Property type

Land

Description

This exceptional 8.64-acre commercial land parcel presents a unique investment opportunity in the rapidly growing city of Celina, Texas. Located at 5404 Smiley Rd & 1025 Magnolia Dr in Denton County (zip code 75009), this property is zoned for residential use, offering significant development potential. The lot is situated in a prime location, approximately 0.6 miles from FM 428 and 3.1 miles from the Dallas North Tollway, providing convenient access to major transportation arteries. Smiley Road is slated for six-lane expansion, and FM 428 is designated as a future segment of the W. Outer Loop, further enhancing accessibility and future value. The property is free of floodplain and adjacent to Celina Station 2.0, a 900-home community, offering potential utility connection advantages. The City of Celina actively encourages townhome development in this area, aligning with the future land use designation of Regional Mixed-use 2. Celina's remarkable growth trajectory, recognized as the fastest-growing city in North Texas, projects a population increase to approximately 120,000 by 2030, from its current 43,000. This robust market, evidenced by 2,500 building permits issued in 2023 alone and an average home value of $480,540, makes this land a highly attractive investment. A portion of a larger tract (11.2 acres at 1025 Magnolia Dr) was recently sold on 10/17/24 to Capital Ventures enterprises LLC by Godland Asset Group LLC. This sale further validates the market demand and potential of this exceptional property.

Location Insight

City

Celina

County

Denton

State

Texas

Latitude

33.2859

Longitude

-96.8644

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