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Land


RESIDENTIAL PARCEL IN DENSE DFW SUBURB


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402 S MAXWELL CREEK RD, MURPHY, TX 75094

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Transaction Fee:
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Absolute Auction
PROPERTY INFORMATION
Asset Type: Property
Primary Property Type: Land
Zoning Designation: SF-20
402 S Maxwell Creek Road consists of an 11.34-acre land lot zoned SF-20 in an
up-and-coming suburb in the DFW Metroplex.
The property is located less than half a mile off of FTM 544, the primary
commercial corridor of both Murphy and Wiley.
Dozens of national retailers within two miles of the property, with a new H-E-B
Grocery Store scheduled for development on an adjacent tract.
ONLINE AUCTION
Nov 13 - Nov 15, 2023
BIDDING STARTS IN
12d 04h:12m
Starting bid
$1
DATA ROOM DOCUMENTS
REGISTER TO BID
Mark PittmanWynmark CommercialTX Lic # 526294Broker Contact(972) 360-8787
Send Email
Justin KeaneWynmark CommercialBroker Contact(214) 686-9007
Send Email
Sophia MaplesTen-XAsset Manager(949) 471-0069
Send Email
Auctioneer License
Ten-X Commercial, LLC Todd Siegel RE Brkr 9004662
Texas Real Estate Commission Information About Brokerage Services: TREC
Information Texas Consumer Protection Notice: TREC Consumer
Property Id15672522
Event Item2023-Nov-13
Investment
Opportunity
DATA
ROOM



PROPERTY INFORMATION

402 S Maxwell Creek Road consists of an 11.34-acre land lot zoned SF-20 in an
up-and-coming suburb in the DFW Metroplex.
The property is located less than half a mile off of FTM 544, the primary
commercial corridor of both Murphy and Wiley.
Dozens of national retailers within two miles of the property, with a new H-E-B
Grocery Store scheduled for development on an adjacent tract.
Over 211,000 residents within five miles of 402 S Maxwell Creek Road, up 2.6%
annually on average since 2010.
Primary Property Type
Land
Assessor's Parcel Number
R-6579-000-0590-1
Property ID
15672522
Zoning Designation
SF-20
Type of Ownership
Fee Simple
Lot Size (Acres)
11.34
Starting Bid
$1
Primary Property Type
Land
Type of Ownership
Fee Simple
Assessor's Parcel Number
R-6579-000-0590-1
Lot Size (Acres)
11.34
Property ID
15672522
Starting Bid
$1
Zoning Designation
SF-20

DETAILED DESCRIPTION

Wynmark Commercial is proud to exclusively present 402 S Maxwell Creek Road,
11.34 acres of land in a densely populated suburb just minutes from the famous
South Fork Ranch. The raw land sits half a mile off the primary commercial
corridor of both Murphy and Wiley. An adjacent tract was recently bought by
H-E-B for a new grocery location, building upon the dozens of national retailers
along the corridor. The city has expressed preliminary approval for a conversion
to commercial zoning, enabling a wide range of potential uses. A portion of the
property will require flood remediation in order to be commercially developed,
however, the location lends particular strength to both retail and multi-family
ventures. Murphy is a small, quality community with a history that goes back to
the early 1900s. The city is in southeastern Collin County, on the outer fringe
of the Dallas / Fort Worth Metroplex. Situated midway between Plano and Wylie on
FM 544, Murphy is two miles south of the famous South Fork Ranch. Additionally,
it shares borders with the cities of Plano, Richardson, Wylie, Sachse, and
Parker and is approximately 20 miles from downtown Dallas and about 30 miles
from the Dallas/Fort Worth Airport. Murphy is six miles east of Highway 75 in
Plano and just under five miles north of the President George Bush Tollway in
Richardson. There are over 211,000 residents within 5 miles of 402 S Maxwell
Creek Road, a number which has increased by 2.6% annually on average since 2010.
These residents command an average household income of over $128,000, resulting
in impressive consumer spending of over $2.8 billion during 2022. Listed by Mark
Pittman with Wynmark Commercial, TX, License #9000664




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