181 Preston RdProsper, TX 75078
- Commercial land
- 1.18 AC
Property Details for 181 Preston Rd
- Year built
- 2024
- Lot size
- 1.18 AC
- Zone code
- COMM
- Property type
- Commercial land
- APN
- R-6147-007-0050-1
- APU
- R614700700501
Description
This exceptional 5.58-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Prosper, Texas. Strategically located just west of the signalized intersection of Preston Road and Broadway Street, this property boasts unparalleled visibility and accessibility. Its prime location directly across from the Windmill Hill Office Development ensures high traffic counts and exposure to a substantial professional workforce. The site benefits from its proximity to a vibrant retail corridor, including major national retailers such as Walmart, Kohl's, Dick's Sporting Goods, Hobby Lobby, Ross, Michael's, TJ Maxx, Home Goods, DSW, and Ulta. This concentration of established businesses creates a strong and diverse customer base for any commercial development. Furthermore, convenient access to the Dallas North Tollway and US-380 provides effortless connectivity to the broader Dallas-Fort Worth metroplex. The property is zoned PD-R&O (Planned Development - Retail & Office), offering flexibility for a variety of commercial uses. This exceptional location, combined with its zoning and proximity to major thoroughfares and retail anchors, makes this a truly unique opportunity for developers seeking a high-impact commercial investment in one of North Texas's fastest-growing communities. The property's size and location offer significant potential for a variety of commercial developments, catering to the area's expanding population and robust economic growth. Detailed information and pricing are available upon request.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $15,238,583
- Hospitality
- $13,958,460
- Educational
- $11,613,275
- Medical
- $12,012,673
- Retail
- $18,065,094
Location Insight
- City
- Prosper
- County
- Collin
- State
- Texas
- Latitude
- 33.2368
- Longitude
- -96.79
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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