1005 Powell PkwyAnna, TX 75409
- Commercial land
- 960 SF
Property Details for 1005 Powell Pkwy
- Year built
- 1951
- Lot size
- 4.33 AC
- Property size (Sq ft)
- 960 SF
- Zone code
- RESI
- Property type
- Commercial land
- APN
- R-6798-001-0890-1
- APU
- R679800108901
Description
This exceptional 2.65-acre commercial land parcel presents a prime investment opportunity in Anna, Texas. Located on Highway 5 in the heart of Anna's downtown corridor, this C-1 zoned property boasts unparalleled visibility and accessibility. Directly across from the new Waterview Apartments (325 units) and the future Anna Dreamville (202 units), this site benefits from a rapidly expanding residential population and strong demand for retail and office space. The property offers convenient road access from Highway 5 and Interurban Street, with readily available utilities. High traffic counts are a key feature, with Highway 5/S Powell Pkwy seeing 10,768 vehicles per day and FM 455/White St. recording 15,700 vehicles per day. The surrounding area exhibits robust economic growth, with a projected 45% trade area expansion by 2025 and a high average household income of $92,282 within a 3-mile radius. The substantial weekday daytime population of 109,426 within the trade area further underscores the significant potential for retail development. Permitted uses include, but are not limited to, car washes, shopping centers, restaurants, bars, grocery stores, convenience stores, daycare facilities (subject to specific use permits), and light auto repair shops (subject to specific use permits). This is an exceptional opportunity to capitalize on Anna's explosive growth and thriving market. The property's strategic location and zoning make it ideal for a variety of commercial ventures.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $241,992
- Hospitality
- $221,663
- Educational
- $184,421
- Medical
- $190,764
- Retail
- $286,877
Location Insight
- City
- Anna
- County
- Collin
- State
- Texas
- Latitude
- 33.3402
- Longitude
- -96.5515
- 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
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