2514 Parker RdWylie, TX 75098

For Sale
$2,100,000

Prime Wylie location, high growth, CVS anchored

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 80,102 sq ft commercial land parcel in Wylie, Texas, presents a lucrative investment opportunity. Located at the signalized intersection of FM 1378 and FM 2514, this property boasts a highly visible location on two six-lane thoroughfares. The site is already partially developed, with a CVS Pharmacy currently operating. One pad site is available for ground lease, and a multi-tenant retail building is under development, with Letters of Intent representing 64% pre-leased space. The property is zoned PD-10, allowing for a wide range of retail uses, including restaurants, fuel stations, banks, and professional services. Surrounded by thousands of existing homes and with thousands more planned nearby, this location offers unparalleled access to a large consumer base. High barriers to entry, limited competition, and a finished, pad-ready lot with all utilities in place make this a truly unique opportunity. The property's strategic location, coupled with its high visibility and zoning flexibility, ensures strong potential for long-term growth and profitability. The two remaining lots can be purchased separately or combined, offering flexibility for various development scenarios. This is a rare chance to capitalize on the explosive growth in the Wylie area and establish a thriving commercial presence in a highly desirable location. APN: R430698, R430689. Asking price: $2,100,000.

Highlights

  • Dual frontage on a major thoroughfare with a signalized intersection.
  • High traffic counts and multiple points of access.
  • Located in a rapidly growing area.
  • High barriers to entry for competitors.
  • Strong commercial demand.
  • Minimal to no existing commercial competition.

Location Insight

City
Wylie
County
Collin
State
Texas
Latitude
33.053596855487
Longitude
-96.568654125536
2514 Parker Rd, Wylie, Texas

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2514 Parker Rd
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