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Preston Road (SH-289) & E. Glendening Pkwy, Celina, TX 75009

BR
0635549
R Captial LLC
Listed by R Captial LLC
$13,500,000
10 days on market
Updated 10 days ago

The Summit at Preston - Celina

Details
Property Type Retail, Office (+1)
Sub Type Commercial, Restaurant (+1)
Tenancy Vacant
Price per SqFt $26
Acreage 12.320
Zoning City of Celina - Preston Rd Overlay District
Investment Type Owner/User
Ground Lease No
Sale Condition N/A

12.32 AC Commercial Land | NEC Preston Rd & E. Glendening Pkwy, Celina TX

Marketing description

The Summit at Preston is a 12.32-acre commercial land site at the NEC of Preston Road (SH-289) and E. Glendening Parkway in Celina, Texas — positioned east of the Weitzman Group's active retail development on the Preston Road frontage. The site is legally recorded and ready for conveyance, with the flexibility to be subdivided into individual parcels of 2 acres or more at $26 PSF.

The property is fully infrastructure-ready with no delays for the next owner. A Preston Road entrance has been constructed, full-parcel detention is complete, and utilities are already on site — making this a true shovel-ready opportunity in one of North Texas's most active commercial corridors.

The Preston Road corridor south of the property is rapidly becoming Celina's primary retail destination. Celina's first Walmart Supercenter is now open at Preston Rd and the Collin County Outer Loop (~2.5 miles south), anchoring the $1 billion Shawnee Trail mixed-use development. Home Depot and Costco are both under construction at Preston Rd and Ownsby Pkwy (~3.5 miles south), with Lowe's planned at the same intersection as part of The Crossing at Moore Farm — a 77-acre mixed-use development. This concentration of national retailers directly on Preston Road confirms the corridor's trajectory as a regional commercial hub.

Celina is the #1 fastest-growing city in the United States (U.S. Census Bureau), with 24.6% year-over-year population growth and a current population of 64,427. The city has nearly quadrupled in size since 2020 and issued a record 2,930 single-family permits in 2024 alone. Major employment anchors along the nearby Dallas North Tollway — including Toyota, PepsiCo, Ericsson, and The Star in Frisco — continue to drive household formation and commercial demand throughout the corridor.

Investment highlights

  • 12.32 AC at NEC Preston Rd & E. Glendening Pkwy — east of Weitzman Group's retail development, Celina, TX
  • Preston Rd entrance, full-parcel detention & utilities in place — ready for immediate development
  • Walmart Supercenter (open) at Preston Rd & Outer Loop — ~2.5 miles south; anchors the $1B Shawnee Trail development
  • Home Depot under construction at Preston Rd & Ownsby Pkwy — ~3.5 miles south
  • Costco under construction at Preston Rd & Ownsby Pkwy — ~3.5 miles south
  • Lowe's planned at Preston Rd & Ownsby Pkwy — part of The Crossing at Moore Farm (~3.5 miles south)
  • Celina — #1 fastest-growing U.S. city; 24.6% YOY growth, population 64,427 (U.S. Census Bureau)
  • Nearly 4x population growth since 2020; record 2,930 single-family permits in 2024
  • Major employers on Dallas North Tollway: Toyota, PepsiCo, Ericsson, The Star (Frisco)
  • Site can be sold into 2 AC multiple parcels at $26 PSF,
  • Utilities on site

Listing Contacts

BR
0635549
R Captial LLC
Listed by R Captial LLC

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Zoning

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C CommercialSpecial CommercialCommercial Office And Retail
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Last updated Feb 2, 2026 For deeper zoning details, reports are available at Zoneomics

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