2701 S Highway 78
4.2 Acres of Commercial Land in Wylie, TX 75098
INVESTMENT HIGHLIGHTS
- Plans for 34 luxury townhomes included in the sale with a unit mix of 14 3 bed/3 bath & 20 3 bed/2.5 bath, plus attached garages.
- Shovel-ready opportunity with on-site access to electricity, gas, and telephone and water services.
- Number of households within a 5-mile radius is projected to rise 12% from 2024 to 2028.
- Develop in an affluent area as the average annual healthcare income is over $130,000 within a 3-mile radius.
- Collin County experienced a 3.55% increase in home value from 2023 to 2024.
EXECUTIVE SUMMARY
Bankruptcy Sale: Eastern District of Texas (Sherman) Petition No. 24-40749 | In re: Serene District Townhomes, LLC.
Hilco Real Estate announces a bid deadline of July 19 for the bankruptcy sale of this developable land parcel. On-site inspections will be held by appointment only.
Located in the northeastern suburbs of Dallas, this 4.2-acre parcel of land is shovel-ready for the development of 34 luxury townhomes. The completed development plans, which are included in the sale, feature a mix of three-bedroom, three-bath and three-bedroom, 2.5-bath townhomes with attached two-car garages. Rounding out the neighborhood are plans for a community center, pool, and space for recreational sports—all located on the banks of Maxwell Creek.
The parcel is the first property in view when entering Wylie on TX 78 from Dallas and sees traffic counts in excess of 50,000 vehicles per day. While the plans for a residential neighborhood currently exist, the city would also welcome a commercial development.
As the Dallas-Fort Worth MSA continues to expand, neighboring cities like Wylie benefit. Whether residential or commercial, this property will allow the next investor or developer to capitalize on that growth.
Hilco Real Estate announces a bid deadline of July 19 for the bankruptcy sale of this developable land parcel. On-site inspections will be held by appointment only.
Located in the northeastern suburbs of Dallas, this 4.2-acre parcel of land is shovel-ready for the development of 34 luxury townhomes. The completed development plans, which are included in the sale, feature a mix of three-bedroom, three-bath and three-bedroom, 2.5-bath townhomes with attached two-car garages. Rounding out the neighborhood are plans for a community center, pool, and space for recreational sports—all located on the banks of Maxwell Creek.
The parcel is the first property in view when entering Wylie on TX 78 from Dallas and sees traffic counts in excess of 50,000 vehicles per day. While the plans for a residential neighborhood currently exist, the city would also welcome a commercial development.
As the Dallas-Fort Worth MSA continues to expand, neighboring cities like Wylie benefit. Whether residential or commercial, this property will allow the next investor or developer to capitalize on that growth.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Lot Size | 4.20 AC |
PROPERTY TAXES
| Parcel Number | R-6660-000-0360-1 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,561,023 CAD | Total Assessment | $1,561,023 CAD |
ZONING
| Zoning Code | PD (Planned Development) |
