
Preston Rd, 33.3 Acres of Multifamily and Townhome Land
Land | 33.338 acres
Marketing description
The site is located on the major thoroughfare, Preston Rd, in the fastest-growing city of Celina, within Collin County.
Chalk Hills by Centurian, DR Horton & Beazer Homes ? Buffalo Ridge by Grand Homes are all recently completed new communities and Fully SOLD out
The schools in Celina rated 7 out of 10 by Greatschools which is equal or greater than other nearby ISD's.
The market study, conducted by the highly reputable John Burns company, shows strong demand for the product with an optimal unit mix. The study forecasts an average of 5 units per month.
Only one project is currently constructing a Duplex which means less competition. Townhomes (TH) and duplexes are in high demand due to the unaffordability of single-family homes in the current high-interest rate environment.
Celina's population growth is robust, with ESRI forecasting a 9.9% annual increase over the next five years. With median incomes of $117K, Collin County’s earnings are approximately 25% higher than the Dallas median, which is promising for sales at the Subject.
Ramble by Hillwood, our newest Lifestyle by HillwoodSM community, is planned just north of downtown Celina. 4,000 planned homes will wind through an immersive nature experience a short drive from Frisco and McKinney in Collin County.
Ramble community broke ground in October 2024 with a projected grand opening in mid 2026.
Investment highlights
Opposite to Celina HIGH School
Quick access to SEQ Preston Rd and CR 134 in Celina, TX
Major developments in 2025 on Preston Rd.
City of Celina is the fastest growing City within Collin County.
Adjacent to brand new SOLD OUT Buffalo Ridge Community by Grand Homes.
Future connectivity from Preston Rd to Dallas North Tollway (DNT) via Fred Smith Pkwy.
Relatively affordable area of the Dallas MDiv (compared to central Dallas)
Ease of access to employment hubs to the south (Prosper/Frisco) and southeast (McKinney/Allen).
Less than 45 miles from Dallas Love Field and DFW Airport.
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