• Office Phone - 972.335.6564
  • Primary - 972.489.4887

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Listing provided courtesy of Wells Asset Management- MLS# 21249611MLS ProviderContact Information: Austin Wells - 972-458-2588

241 S Preston RoadProsper, TX 75078

Vacant Land · 4.20 Acres
$4,500,000 Active

241 S Preston Road Overview

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Rare shovel-ready 4.204-acre pad site in the heart of Prosper Town Center, positioned for immediate medical office or surgery center development. Approved plans in place for a ±30,000 SF two-story Medical Office Building (Phase 1) and ±15,000 SF Surgery Center (Phase 2), with full architectural elevations, civil engineering, and site work designed and permit-ready. Block A, Lot 2 of Prosper Town Center Phase VI (183,141 SF). Strategically located just east of N. Preston Road (TX-289) with 42,872 VPD, immediately adjacent to CVS Pharmacy, Tribute Senior Living (assisted living & memory care), and surrounding Class A professional office. Less than one mile from The Gates of Prosper (Walmart, Dick's, TJ Maxx, Ross, Burlington, DSW, Kohl's, HomeGoods) and within walking distance of Reynolds Middle School and Prosper High School. Located in one of the fastest-growing affluent submarkets in North Texas. Prosper population grew 50% from 2020-2024 to 42,598 residents, with a median household income of $198,632 and median home value of $886,000 — demographics that strongly support specialty medical, dental, surgical, and ancillary healthcare uses. All utilities, easements, and access in place per recorded ALTA survey. Zone X (outside 0.2% floodplain). Plans, survey, civil drawings, and full due diligence package available upon request and execution of CA. Sale Price: $4,500,000 ($24.60 PSF).

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241 S Preston Road Facts & Features

  • Type Vacant Land
  • Lot 4.20 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Prosper ISD
  • Elementary School: Judy Rucker
  • Middle Or Junior School: Reynolds
  • High School: Prosper

Business Information

  • Current Use: Commercial

Location/Region

  • Country: US
  • County Or Parish: Collin
  • Postal City: PROSPER
  • Subdivision Name: Prosper Town Center Ph VI

Community/Development

  • Development Status: Zoned

Tax Information

  • Tax Annual Amount: 39877.0

General Information

  • Listing Terms: Cash,1031 Exchange
  • Parcel Number: R1154300A00201
  • Property Sub Type: Unimproved Land
  • Property Type: Land

Interior

Exterior

Lot Information

  • Lot Features: Acreage,Level
  • Lot Size Acres: 4.204
  • Lot Size Area: 4.204
  • Lot Size Square Feet: 183126.24
  • Lot Size Units: Acres
  • Water Source: Public

Waterfront/View

  • Waterfront: No

General Information

  • Road Frontage Type: None
  • Sewer: Public Sewer
  • Utilities: Electricity Available,Sewer Available,See Remarks,Water Available

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

241 S Preston Road Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

241 S Preston Road Market Data

Based on the last 30 days in this zip code

$927,284
Average List Price
$267
Average Price per Square Foot
81
Properties Sold
288
Average Days on Market
1,177
Properties for Sale
Calculations provided by Reliance Network


Prosperity Home Mortgage, LLC

Prosperity Home Mortgage, LLC

When you decide to buy a home or refinance your mortgage, your search should start and end here. At Prosperity Home Mortgage, LLC, we strive to create an extraordinary customer experience through the efforts of knowledgeable and caring mortgage professionals where relationships are valued, and the focus is on treating every client as if they were the only client. Choose a lender you can trust to find the mortgage loan that best suits your needs.


HomeServices Insurance

HomeServices Insurance

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