985 Cr-364, Melissa, TX 75454

$7,000,000

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$7,000,000
MLS#
21298779
Status
ACTIVE
Type
Land
Subtype
Land
Acres
23.13
County
Collin
City
Melissa
Subdivision
Jacob Gragg Surv Abs #339

Property Description

Exceptional Development Opportunity in Melissa, Texas Rare, hard-to-find large tract of land in Melissa with potential commercial capability. Located in the ETJ, this property presents a rare opportunity to acquire a significant tract in a rapidly expanding growth corridor. Subject to zoning and municipal approval, the property may be well suited for mixed-use, commercial, retail, office, medical, daycare, restaurant, or service-oriented development. This prime tract is ideally positioned directly across from the new high-end planned Wolf Creek Farms build-to-rent community and just minutes from Melissa’s new elementary school, placing it squarely in the path of significant residential expansion. The property also backs up to the Collin County Outerloop, adding long-term strategic access and visibility potential as regional infrastructure continues to develop. Conveniently located approximately 2–3 minutes from Highway 5 and about 5 minutes from US Highway 75, the site offers excellent accessibility to McKinney, Anna, Sherman, and the broader Dallas–Fort Worth Metroplex. This strategic location provides strong connectivity and visibility within one of North Texas’ fastest-growing submarkets. Surrounded by ongoing and planned residential development—including large-scale single-family rental communities—this tract presents strong long-term potential for a wide range of future uses. Melissa continues to experience rapid population growth, strong school expansion, and increasing demand for commercial amenities. As development continues pushing north along the US-75 corridor, opportunities of this caliber are becoming increasingly limited.

Additional Information

Unexempt Taxes
$9,995
Lot Size
1,007,368
Acres
23.13
School District
Melissa Isd
Elementary School
Highland
Middle School
East Cardinal, Melissa Ridge
High School
Melissa
Possession
CloseOfEscrow

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Rebekah Elliott from eXp Realty LLC. Contact: 214-293-4620