Lot 6 Carthage Rd, Celina, TX 75009

Description

Five hundred doors. Seventeen acres. One of the best land bases left in North Texas. This is 17.232 acres in Celina, the No. 1 fastest-growing city in America according to the U.S. Census Bureau. Celina added 12,710 residents in a single year to reach 64,427, so roughly one in four people living there today arrived in the last twelve months. The city has nearly quadrupled since 2020, is projected to reach about 125,000 by 2030, and is planned for roughly 378,000 at full buildout. That is a demand curve most developers only see on paper. The numbers work from day one. At $9,494,832, a 29-unit-per-acre multifamily concept yields about 500 doors at roughly $19,000 per door. Basis is where the money is made, and this one leaves room for strong returns before the first slab is poured. Bigger acreage also means more units to spread your site work, amenities and fixed costs across. The groundwork is already laid. The tract sits inside Celina city limits within Planned Development District 121, which carries Mixed-Use (MU) base zoning across the 97-acre Preston 450 Addition along future Legacy Drive. Electric and water serve the site, and carrying costs stay low while you plan and permit.The Dallas North Tollway is extending from US 380 to FM 428 in Celina, with main lanes are scheduled fior late 2027. This site gives them a direct run to Frisco, Plano and Downtown Dallas. It is close to Celina ISD schools. Celina is the market the world is watching. Get your name on the biggest piece before someone else does. This is what makes this one stronger than the others, it leads with size and opens with “500 doors” . Spreading fixed costs further adds a vivid demand. About one in four Celina residents moved here in past year and nearly 60% of Celina residents work outside the city this location is ideal.