Med Office Condo Pad Sale
Ready to Build Office
Marketing description
Rare opportunity to acquire an entitled, pad-ready Medical/Office Condo building site within the Celina Hills Office Park — one of Collin County's most active new commercial developments. Building 5 sits on a fully graded, moisture-conditioned pad at 415 Valley View Ln, with water service on-site and surrounded by completed buildings (Buildings 1 and 8 delivered March 2026). The park is selling out fast.
This is a cold dark shell delivery opportunity. The buyer acquires the building pad and constructs to suit. At $1,050,000 for the pad, total all-in cost for a completed shell comes in well under competing finished units in the submarket.
Celina Hills Office Park consists of 9 medical/office condo buildings totaling 52,603 SF on 4.321 acres just off Preston Road (SH-289), south of Brookshires and Keller Williams. Preston Road carries 21,932 VPD. The City of Celina is one of the fastest-growing cities in the U.S., with a new Methodist Medical Center opening and major retail (Costco, etc.) underway.
Investment highlights
- Pad-ready site — groundwork complete, water on, fire alarm infrastructure in place
- 5,630 SF building footprint | 10.70% ownership interest in condo regime
- $1,640/mo HOA covers common area maintenance
- C-2 zoning | Medical & Office use
- Preston Rd frontage corridor | 21,932 VPD
- Zone X — no flood risk
- Costco, Starbucks, and 50+ new businesses under development along the Preston/380 corridor
- Methodist Celina Medical Center — 4-story, 200,000+ SF medical facility opening 2025, driving healthcare demand
- Limited Class B medical office supply in Celina submarket — this park is among the first dedicated medical condo developments
- Average commercial lease rate: $36–$40/SF + NNN in the immediate corridor; competing finished units selling at $365–$425/SF
- Strong owner-occupier demand: Buildings 1 and 8 sold/under contract; delivered March 2026
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