Listing provided courtesy of Congress Realty, Inc.- MLS# 21312924MLS ProviderContact Information: Jared English - 888-881-4118

500 N State Highway 5 NBlue Ridge, TX 75424

Vacant Land · 1.01 Acres
$372,000 Active

500 N State Highway 5 N Overview

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Rare opportunity to own a highly visible property located directly on State Highway 78 in the rapidly growing Blue Ridge area of Collin County. Perfectly positioned between 121 and 380. This property offers a unique combination of residential use, highway frontage, and future commercial potential with beautiful views. Excellent investment, owner-user, or redevelopment opportunity. Builders, Investors, and Business Owners whether you envision a stunning custom home or an exciting commercial development, this versatile lot offers endless possibilities. 1.01-acre corner-style, no HOA, commercial opportunity with High-visibility along State Highway 78 frontage which is hard to find. Also a rear street access for additional ingress-egress. City water, sewer, and electric already on site. 1,377 sq. ft. shop with dedicated office area featuring a 39x27 main workspace and an additional 18x18 which can be used as office or storage. Residentially zoned but primed for rezoning to commercial use. Minutes from Melissa, McKinney, Farmersville, Princeton, Greenville and other rapidly growing areas. Just minutes from Melissa, one or the fastest growing. communities in North Texas, convenient access to: •HEB • Buc-ee's • Walmart • Kroger • Restaurants and retail shopping • Medical offices and healthcare facilities • Melissa ISD and community amenities Easy Access to Major Highways Conveniently positioned with access to: • State Highway 78 • U.S. Highway 380 • U.S. Highway 75 • Sam Rayburn Tollway (SH 121) • Dallas-Fort Worth Metroplex *The house has little or no contributory value and the real value is in the land, Highway 78 frontage, and the shop-office building.

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500 N State Highway 5 N Facts & Features

  • Type Vacant Land
  • Lot 1.01 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Blue Ridge ISD
  • Elementary School: Blueridge
  • Middle Or Junior School: Blueridge
  • High School: Blueridge

Building Information

  • Year Built: 1987

Business Information

  • Current Use: Other

Location/Region

  • Country: US
  • County Or Parish: Collin
  • Postal City: BLUE RIDGE
  • Subdivision Name: N-A

Community/Development

  • Development Status: Streets Installed

Rent/Lease Information

  • Land Lease: No

Tax Information

  • Tax Annual Amount: 3128.0

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: R655700212701
  • Possible Use: Commercial,Development,Investment,Multi-Family,Residential,Single Family
  • Property Sub Type: Unimproved Land
  • Property Type: Land
  • Senior Community: No

Interior

Exterior

Lot Information

  • Lot Features: Acreage,Back Yard,Corner Lot,Lawn,Few Trees,Wooded,City Lot
  • Lot Size Acres: 1.012
  • Lot Size Area: 1.012
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 44082.72
  • Lot Size Units: Acres
  • Road Surface Type: Asphalt,Concrete
  • Topography: Varied
  • Vegetation: Grassed
  • Water Source: Public

Waterfront/View

  • Waterfront: No

General Information

  • Fencing: None
  • Other Structures: Garage(s),Mobile Home
  • Road Frontage Type: City Street,Highway,All Weather Road
  • Sewer: Public Sewer
  • Utilities: Electricity Connected,Natural Gas Available,Sewer Available,Separate Meters,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.

500 N State Highway 5 N 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.

500 N State Highway 5 N Market Data

Based on the last 30 days in this zip code

$601,635
Average List Price
$292
Average Price per Square Foot
6
Properties Sold
96
Average Days on Market
87
Properties for Sale
Calculations provided by Reliance Network


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