Listing Description
Vanguard Real Estate Advisors (“VREA”) is pleased to present qualified investors and developers the opportunity to acquire approximately 18.268+- acres located along Milrany Lane, in the rapidly growing city of Melissa, Texas. Approximately 6+- acres is zoned SF-3, which permits single-family development with minimum lot width of 60’. The remaining 12.27+- acres is zoned Agricultural.
The Site is located less than a mile southeast from State Highway-121, providing rapid access to McKinney and the greater North Texas area. Exponential growth and ongoing development in Melissa makes this Site highly desirable. The Site is well suited for a variety of potential uses through a potential rezone; such as mixed-use, multifamily, build-to-rent, commercial, and high density single family development. At an asking price of only $7.25 per square foot ($5,769,217 total) the Site represents a unique opportunity to purchase an exceptionally located property in one of DFW’s fastest growing areas.