2701 State HwyWylie, TX 75098

Property Details for 2701 State Hwy

Lot size

4.20 AC

Property type

Land

Description

This exceptional 4.2-acre parcel in Wylie, Texas, presents a remarkable investment opportunity within the Dallas-Fort Worth MSA. Located at 2701 S State Hwy 78, Collin County, this property (APN # 2794057) is zoned PD - Planned Development, offering flexibility for both residential and commercial ventures. Currently, comprehensive development plans for 34 luxury townhomes are included in the sale. These plans detail a mix of 14 three-bedroom, three-bathroom units and 20 three-bedroom, two-and-a-half-bathroom units, each featuring an attached two-car garage. Amenities envisioned for the community include a community center, swimming pool, and recreational spaces situated along Maxwell Creek. The property boasts convenient access to on-site electricity, gas, telephone, and water services. This is a truly shovel-ready project, ideal for immediate development. The site enjoys high visibility, being the first property visible entering Wylie from Dallas on TX-78. Collin County's robust real estate market, with a 3.55% increase in home values from 2023 to 2024, further underscores the potential for significant return on investment. This bankruptcy sale (Eastern District of Texas, Sherman, Petition No. 24-40749, In re: Serene District Townhomes, LLC) offers a unique chance to acquire a prime piece of land poised for substantial growth. On-site inspections are available by appointment only. Bid deadline: July 19.

Location Insight

City

Wylie

County

Collin

State

Texas

Latitude

32.9955

Longitude

-96.5652

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