241 S Preston Rd

Prosper, TX 75078

$4,500,000
Price
183,126 / 4.20
Lot Size / Acres
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Description

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...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).
  1. Listed by Austin Wells • TREC #0823411 • Wells Asset Management • 972-458-2588

Property Details for 241 South Preston Road

Subdivision Name
Prosper Town Center Ph VI
Zoning Description
Commercial- Previously approved for medical
LISTING UPDATED: 04/24/2026 11:32 AM

Property Details for 241 South Preston Road

StatusActive
MLS #21249611
Days on Market57
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLots & Acreage / Unimproved Land
Year Built-
Lot Size4.20 AC
CountyCollin County
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Location

Listing Courtesy of Wells Asset Management, Austin Wells
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Building Information for 241 South Preston Road

Lot Size4.20 AC

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$22,478 per month

30 year fixed, 6.36% Interest

Principal and Interest

$22,424

Property Taxes

$54

HOA Dues

$0

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Property Information for 241 South Preston Road

Summary
Location and General Information
  • Block: A
  • 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
  • Elementary School: Judy Rucker
  • Elementary School Name: Judy Rucker
  • High School: Prosper
  • High School Name: Prosper
  • Middle School: Reynolds
  • School District: Prosper ISD
  • Geocode Confidence: High
  • Latitude: 33.24
  • Longitude: -96.79
  • State: Texas
Taxes and HOA Information
  • Tax Legal Description: PROSPER TOWN CENTER PHASE VI (CPR), BLK A, LO
  • Association Type: None
  • Tax Lot: 2
Interior and Exterior Features
Exterior Features
  • Waterfront: No
Property
Utilities
  • Utilities: City Sewer, City Water, Electricity Available, See Remarks
Property and Assessments
  • AG Exemption: No
  • Financing Proposed: 1031 Exchange, Cash
  • Loan Type: Treat As Clear
  • Restrictions: Development
  • Documents Available: Aerial Photo, Survey
  • Property Match: APN
Lot Information
  • Development: Zoned
  • Easements: Utilities
  • Lot Features: Acreage, Level
  • Lot Size: 3 to < 5 Acres
  • Lot Size Acres: 4.204
  • Lot Size Area: 4.204
  • Lot Size Units: Acres
  • Lot Size Square Feet: 183126.24
  • Multi Parcel ID: No
  • Parcel Number: R1154300A00201
  • Road Frontage: None
  • Current Use: Commercial
  • Lake Pump: No

Property History for 241 South Preston Road

DateEvent & SourcePriceAppreciation
Apr 24, 2026

Listed (Active)

NTREIS #21249611

$4,500,000—
DateEvent & SourcePrice
04/24/2026

Listed (Active)

NTREIS #21249611

$4,500,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 241 South Preston Road

Taxable ValueLand$2,014,389Additions$30,938Total$2,045,327
Tax Record2024$643 ($54 / month)
Home Facts
Total Finished SqFt30,860 SqFtAbove Grade Finished SqFt30,860 SqFtStories2Lot Size183,126 SqFtStyleMiscellaneous CommercialYear Built2023CountyCOLLINAPNR-11543-00A-0020-1

Schools near 241 South Preston Road

This home is within Prosper Independent School District.
Rating
School
Type
Grades
Distance
Judy Rucker Elementary School
Public - K to 5
Lorene Rogers Middle School
Public - 6 to 8
Walnut Grove High School
Public - 9 to 12
Prosper Daep
Public - K to 12
Rating
School
Distance
Judy Rucker Elementary School
PublicK to 5

Lorene Rogers Middle School
Public6 to 8

Walnut Grove High School
Public9 to 12

Prosper Daep
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 241 South Preston Road, Prosper, TX 75078

241 South Preston Road is a 4.20 ac of land for sale in Prosper, TX 75078. This property was listed for sale on April 24, 2026 by Wells Asset Management, it's currently listed at $4,500,000. This listing's school district is Prosper Independent School District. Nearby schools include Judy Rucker Elementary School, Lorene Rogers Middle School and Walnut Grove High School. 241 South Preston Road is a 0-bed, 0-bath, 4.20 ac of land on a 183,126 sq. ft. / 4.20 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Wells Asset Management, Austin Wells

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass and its related brokerages. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 04/24/2026 11:32 AM