OFFERS DUE 11/3/23 - Welcome to NEXUS 75, Situated at the Northeast Corner (NEC) of the Collin County Outerloop and US75 in Anna Texas. Nexus 75 offers ±54.90 acres of zoned land, segmented into C-3 (3.6 acres) and MF (51.3 acres) classifications.
A distinct feature of this parcel is the entitlement for up to 700 multifamily units, facilitated by a less stringent building materials mandate. Specifically, the site requires only 50% masonry for the front-facing exterior, and 30% for the side and rear, offering a more cost-effective and expedient development process.
The property further benefits from a 1.5 parking units requirement per multifamily unit, as opposed to the traditional 2 units, thus potentially conserving around 2 acres of land.
Prospective PFC incentives are available from the City for the Multifamily development, saving even more costs for the buyer.
The site is strategically located with essential utilities in place: water utilities are accessible on US75 and sewer services are approximately 1,500 feet to the East. Educational institutions in close proximity account for over 3,000 students, indicating a stable demand for retail or service-based enterprises. Data indicates that Anna, Texas, where Nexus 75 is located, has experienced a growth rate of 1915% since 2000 and is projected to see a 45% increase in trade area by 2025. Furthermore, the Collin County Outerloop design is finalized, with construction expected to be completed from US75 to FM 2478 by January 2026, thereby potentially boosting site accessibility.
*** OFFERS DUE NOVEMBER 3, 2023 ******
** VISIT VIRTUAL DEAL ROOM LINK FOR DUE DILIGENCE ***