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870 N Preston Rd - 870 N Preston Rd
10.25 Acres of Commercial Land Offered at $7,000,000 in Celina, TX 75009
Investment Highlights
- Prime North Texas 10.25-Acre Development Site: Income-Producing + Seller Financing + Flexible Expansion Potential = Premier Opportunity!
Executive Summary
Active income producing lease with a strong, established landscaping business, providing immediate income, and the tenant is willing to extend into long-term lease.
Seller Financing at prime rate offers flexible terms and finance costs, reduced loan hurdles & upfront capital.
Positioned for significant land value appreciation - located in the heart of the North Texas Boom - Celina! Immediate surrounding planned developments bringing 10,000+ residential homes and mixed use developments. One of the most affluent populations in Texas - Celina population projected to double in next six years.
4.4 Acres Zoned Commercial with 176’ of frontage road on major artery road - Texas State Highway 289 (Preston Rd) with high traffic counts. Cross access on frontage allows to capture north bound and south bound traffic.
5.8 Acres is un-zoned and outside the city limits, providing flexible development options, reduced caring costs, and future zoning options.
Invest in a thriving future - immediate income, diverse development options, seller financing, and opportunity for long-term wealth creation in a dynamic city!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
1 Lot Available
Lot
| Price | $7,000,000 | Lot Size | 10.25 AC |
| Price Per AC | $682,926.83 |
| Price | $7,000,000 |
| Price Per AC | $682,926.83 |
| Lot Size | 10.25 AC |
4 adjoining parcels for a total of 10.25 acres with Preston Rd frontage, and two additional access right aways. 4.42 acre parcel (992091) 4.82 acre parcel (2519632) .89 acre parcel (2137368) .12 acre parcel (992206)
Description
Opportunity comes with an active income producing lease with a strong, established landscaping business, or can be vacated. Possible Seller Financing at Prime rate with flexible terms, reduces upfront capital and traditional loan hurdles. Positioned for significant land value appreciation - located in the heart of the North Texas Boom in Celina! Immediate surrounding planned developments are bringing 10,000+ residential homes and mixed use retail. One of the most affluent populations in Texas Celina is projected to double in population over the six years.4.4 Acres Zoned Commercial with 176’ of frontage road on major artery road - Texas State Highway 289 (Preston Rd) with high traffic counts.5.8 Acres is unzoned and outside the city limits, providing flexible development options, reduced caring costs, and future zoning options. Invest in a thriving future - immediate income, diverse development options, seller financing, and opportunity for long-term wealth creation in a dynamic city!
PROPERTY TAXES
| Parcel Number | R-6170-002-0160-1 | Total Assessment | $1,229,606 |
| Land Assessment | $1,157,302 | Annual Taxes | ($1) |
| Improvements Assessment | $72,304 | Tax Year | 2023 |
PROPERTY TAXES
zoning
| Zoning Code | Commercial (4.82 acre parcel (2519632, .89 acre parcel (2137368), and .12 acre parcels are outside city limits in the Celina Extraterritorial Jurisdiction (ETJ)) |
| Commercial (4.82 acre parcel (2519632, .89 acre parcel (2137368), and .12 acre parcels are outside city limits in the Celina Extraterritorial Jurisdiction (ETJ)) |
Presented by
870 N Preston Rd - 870 N Preston Rd
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