Hilco Real Estate Sales announced another significant real estate opportunity: the upcoming bankruptcy sale of a 4.2± parcel of land on Texas Highway 78 in Wylie, Texas. The sale’s offering deadline is July 19, 2024, representing an investment opportunity prime to the many bedroom communities that are up and coming in the Dallas-Fort Worth area.
The parcel is the first property in view when entering Wylie on TX-78 from Dallas. While the plans for a residential neighborhood currently exist, the city would also welcome a commercial development.
As the Dallas-Fort Worth MSA continues to expand, neighboring cities like Wylie benefit. Whether residential or commercial, this property will allow the next investor or developer to capitalize on that growth.
Highlights
- Potential uses include residential or commercial development
- Shovel ready for development of 34 luxury townhomes
- Unit mix: (14) 3 bed/3 bath; (20) 3 bed/2.5 bath
- Access to electricity, gas, telephone & water services on-site
- Collin County experienced a 3.55% increase in home value from 2023 to 2024
Location Description
Wylie, Texas has become one of the fastest-growing communities in Collin County. With a population of 61,078, the community has seen a 6.2% increase from the 2020 census and is up 230% since 2000. Positioned in the northeastern corner of the Dallas-Fort Worth metroplex, Wylie benefits from its inclusion in the largest MSA in the southern United States. Numerous Fortune 500 companies are headquartered in the Dallas-Fort Worth area, including AT&T, Southwest Airlines, AECOM, American Airlines and more. Companies are also taking notice of Wylie specifically, with Sanden International opening North America’s first electric vehicle AC compressor line in town. The $25 million factory will support the growing electric vehicle market and the local economy.
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Source: Hilco Real Estate Sales
