0 Hwy 5 & Pennsylvania AveMelissa, TX 75454

Property Details for 0 Hwy 5 & Pennsylvania Ave

Lot size

5.30 AC

Property type

Land

Description

This exceptional commercial land opportunity encompasses twelve prime acres situated at the gateway to the Liberty subdivision, a thriving Hillwood community in Melissa, Texas. Zoned C-2, these pad sites are available for sale or ground lease, presenting a unique investment prospect in a rapidly expanding area. Liberty itself is a master-planned development spanning over 500 acres, boasting approximately 2,000 home sites and a current resident population of 1,200 households. The strategic location directly across Highway 5 from Melissa City Hall, the planned town center, and highly-rated schools provides unparalleled visibility and accessibility. The property benefits from its proximity to over 10,000 new housing units and residential lots, ensuring a robust and growing customer base. Further enhancing its appeal, Highway 5 is slated for expansion to four lanes between SH 380 and Anna. Melissa's population has experienced remarkable growth, increasing by 64% in the last five years, from 16,800 to a projected 125,000 residents by 2050. This significant population surge is underscored by the completion of 600 new single-family homes in 2019, with an additional 7,600 homes currently in the permitting or construction phases. Lot sizes range from 5.3 to 6.4 acres, offering flexibility for various development plans. The property is located at Highway 5 & Pennsylvania Ave, Melissa, TX 75454, in Collin County.

Location Insight

City

Melissa

County

Collin

State

Texas

Latitude

33.2949

Longitude

-96.5692

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