NEXUS 75 | ENTITLED MULTIFAMILY & COMMERCIAL LAND
Land | 54.9 acres
Marketing description
OFFERS DUE 11/3/23 - Welcome to NEXUS 75, Situated at the Northeast Corner (NEC) of the Collin County Outerloop and US75 in Anna Texas. Nexus 75 offers ±54.90 acres of zoned land, segmented into C-3 (3.6 acres) and MF (51.3 acres) classifications. A distinct feature of this parcel is the entitlement for up to 700 multifamily units, facilitated by a less stringent building materials mandate. Specifically, the site requires only 50% masonry for the front-facing exterior, and 30% for the side and rear, offering a more cost-effective and expedient development process.
The property further benefits from a 1.5 parking units requirement per multifamily unit, as opposed to the traditional 2 units, thus potentially conserving around 2 acres of land.
The site is strategically located with essential utilities in place: water utilities are accessible on US75 and sewer services are approximately 1,500 feet to the East. Educational institutions in close proximity account for over 3,000 students, indicating a stable demand for retail or service-based enterprises. Data indicates that Anna, Texas, where Nexus 75 is located, has experienced a growth rate of 1915% since 2000 and is projected to see a 45% increase in trade area by 2025. Furthermore, the Collin County Outerloop design is finalized, with construction expected to be completed from US75 to FM 2478 by January 2026, thereby potentially boosting site accessibility.
*** OFFERS DUE NOVEMBER 3, 2023 ******
Investment highlights
Fully entitled MF and Commercial Development Site Positioned on the NEC US75 and The Collin County Outerloop in Anna, Texas
Anna has seen tremendous growth over the last decade and is ranked among the top 10 fastest growing cities in North Texas since 2010.
The Collin County Outerloop is estimated to be complete from US75 to FM 2478 in Celina by 1/26, which evolves this location as a main and main corner.
Entitled for up to 700 Multifamily Units, 4 story in height, surface parked
MF Construction Building Construction - 50% masonry on front elevations, 30% on side and backside
MF Parking requirements - 1.53 parking spaces per unit
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