Land For Sale • 18.27 AC
Vanguard Real Estate Advisors (“VREA”) is pleased to present qualified investors and developers the opportunity to acquire approximately 18.268+/- acres, consisting of 2 adjacent parcels, 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. It is well suited for a variety of potential uses through a potential rezone; such as mixed-use, multifamily, build-to-rent, commercial, or high density single family development. A 1% co-broker fee is available to a Broker that sources a Principal that VREA has not previously contacted in any format or sent information to regarding this opportunity; a third party broker must register their client upon initial contact with VREA.
| The Site is located less than a half mile southeast of State Highway 121, and less than two miles east of US Highway 75. |
| The Site is located less than a mile southwest from the Melissa Z-Plex, a massive recreation center with fields for baseball and soccer. |
| The Site’s size and location make this Site an ideal opportunity to potentially rezone for uses such as multifamily, build-to-rent or commercial. |
| According to the US Census Bureau, Melissa has a population of approximately 23,571 as of 2023 and has grown nearly 70% since 2020. |
| Melissa’s rapid population growth makes it an ideal location for new development due to increased demand for housing and new business. |
| The median household income in Melissa as of 2023 was an outstanding $137,875. |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Dallas Love Field | 53 min | - | 42.2 mi |
| Dallas-Fort Worth International | 53 min | - | 44.5 mi |