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$995,000

212 E Walnut Street, Celina, TX, 75009

On MarketInfo
Just AddedInfo
CommercialInfo

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size8,843 sqft

Land Information

APNR-1023-046-005A-1
Lot Number5A
SubdivisionCelina Original Donation (Ccl)
Land UseResidential
Legal DescriptionCELINA ORIGINAL DONATION (CCL), BLOCK 46, LOT 5A
Census Tract030306
Assessed Land Value$442,134
Assessment Year2025

About this property

One of the last remaining vacant commercial development sites in Historic Downtown Celina, this highly visible corner property presents a rare opportunity to establish a presence in the fastest-growing city in the United States. Comprised of two parcels totaling just under half an acre, the site is strategically located within Celina's thriving Entertainment District and just steps from the vibrant downtown square, where restaurants, boutiques, events, and community attractions continue to drive exceptional pedestrian and vehicle traffic.Even more compelling, the City of Celina and the Celina Economic Development Corporation (EDC) have already approved building plans for the project, significantly reducing the time and effort typically required during the development process. The groundwork has been laid—this opportunity simply needs a visionary investor or developer to bring it to completion.Positioned on a prominent corner with outstanding visibility and accessibility, the property offers tremendous potential for retail, restaurant, office, mixed-use, or entertainment concepts. As Celina continues its unprecedented growth, fueled by the expansion of the Dallas North Tollway, Preston Road corridor improvements, and billions in surrounding development, opportunities to acquire commercial land in the downtown core have become increasingly scarce.For investors, developers, and entrepreneurs seeking a turnkey path into one of North Texas' most dynamic markets, this is a chance to secure a premier commercial location with approvals already in place and tremendous upside ahead.

Investor Tools

$662,510Estimated Mortgage Balance
$426,490Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,534 /month
Positive
Cash Flow Estimate:
$2,178 /month

Interested in this property?

Lynette Sandidge

Compass RE Texas, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$795/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,095
$442,134
2025
$442,134
N/A
$442,134
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,095
$442,134

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Building Or Construction Loan
$685,000
No
First
Jul 9, 2024
Aug 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$662,510
$426,490
39%
61%
$4,107/mo

City: Celina

212 E Walnut Street | Property Details | No Agent List