181 Preston RdProsper, TX 75078

  • Commercial land
  • 1.18 AC
For Sale

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
181 Preston Rd, Prosper, Texas

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$22,373
$1,023,224
-
$1,023,224
-
$1,023,224
-
$1,023,224

FAQs

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