870 Preston RdCelina, TX 75009

Property Details for 870 Preston Rd

Year built

1990

Construction

WOOD FRAME

Lot size

4.43 AC

Property size (Sq ft)

5,804 SF

Property type

Commercial real estate

APN

R-6170-002-0160-1

APU

R617000201601

Description

This exceptional 15.05-acre property at 870 N Preston Road, Celina, TX, presents a unique investment opportunity. The 6,288 square foot building currently houses an active, income-producing landscaping business, offering immediate cash flow. Alternatively, the building can be vacated to suit the buyer's needs. The property boasts 10.25 acres zoned commercial with 176 feet of frontage on the high-traffic Texas State Highway 289 (Preston Rd). The remaining 4.8 acres are unzoned and outside city limits, providing flexibility for future development and reduced carrying costs. This prime location is experiencing significant growth, with planned developments adding over 10,000 residential homes and mixed-use retail in the immediate vicinity. Celina's affluent population is projected to double within six years, promising substantial land value appreciation. Seller financing is available at the prime rate with flexible terms, making this an attractive option for investors seeking to minimize upfront capital and navigate traditional loan processes. This property offers a compelling combination of immediate income, diverse development options, and the potential for long-term wealth creation in one of Texas's fastest-growing cities. The property is listed at $7,000,000.

• Alternative Use

  Use

  Valuation

  Residential

  $1,725,522

  Hospitality

  $1,580,569

  Educational

  $1,315,015

  Medical

  $1,360,240

  Retail

  $2,045,579

Location Insight

City

Celina

County

Collin

State

Texas

Latitude

33.3325

Longitude

-96.774

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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