Rare shovel-ready 4.204-acre pad site in the heart of Prosper Town Center, positioned for immediate medical office or surgery center development. Approved plans in place for a ±30,000 SF two-story Medical Office Building (Phase 1) and ±15,000 SF Surgery Center (Phase 2), with full architectural elevations, civil engineering, and site work designed and permit-ready. Block A, Lot 2 of Prosper Town Center Phase VI (183,141 SF). Strategically located just east of N. Preston Road (TX-289) with 42,872 VPD, immediately adjacent to CVS Pharmacy, Tribute Senior Living (assisted living & memory care), and surrounding Class A professional office. Less than one mile from The Gates of Prosper (Walmart, Dick's, TJ Maxx, Ross, Burlington, DSW, Kohl's, HomeGoods) and within walking distance of Reynolds Middle School and Prosper High School. Located in one of the fastest-growing affluent submarkets in North Texas. Prosper population grew 50% from 2020-2024 to 42,598 residents, with a median household income of $198,632 and median home value of $886,000 — demographics that strongly support specialty medical, dental, surgical, and ancillary healthcare uses. All utilities, easements, and access in place per recorded ALTA survey. Zone X (outside 0.2% floodplain). Plans, survey, civil drawings, and full due diligence package available upon request and execution of CA. Sale Price: $4,500,000 ($24.60 PSF).
Site located east of CVS Pharmacy in Prosper Town Center Phase VI
Interior pad site within the development
Road frontage: none
Will subdivide
Home design
Unimproved land (commercial)
Construction
Unimproved land
Utilities
City water
City sewer
Electricity available
Municipal Utility District: No
Utilities: see remarks
HOA & community
No association
Financial info
Listing terms include 1031 Exchange and Cash
Treat as clear loan type
No second mortgage
Other
Parcel number R1154300A00201
Located in Collin County, United States
Subdivision: Prosper Town Center Ph VI
Directions: From Dallas North Tollway, exit US-380 and head west to Preston Rd (TX-289). Go north on Preston Rd approximately 2.5 miles to E. First Street in Prosper. Turn east on First Street, then south into the Prosper Town Center development. Site is the 4.2-acre interior pad located east of CVS Pharmacy
Aerial photo and survey available
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Style
Vacant Land
County
Collin County
APN
R1154300A00201
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Last updated by owner on Apr 24, 2026.
C
Commercial District
The Commercial District is intended predominately for heavy retail, service, light intensity wholesale and commercial uses, but excluding warehousing uses. The nature of uses in this district has operating characteristics and traffic service requirements generally compatible with typical office, retail, and some residential environments. Uses in this district may require open, but screened, storage areas for materials. This zoning district may be appropriate in areas designated as community or regional retail on the Future Land Use Plan.
Permitted uses
Include but are not limited to:
Automotive parking structure
Bank
Convenience store
Laundromat
General retail
Hospital / medical center
Bed & breakfast
Office
Medical office
Public service
Historical weather
Prosper, TX • 75078
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Sun exposure
100/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
6.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 241 S Preston Rd
$3,802,129
$698K under list price of $4.50M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.2M to $1.6M.