Positioned in the heart of historic Downtown Celina, this exceptional 12,371 square foot homesite offers a rare opportunity to build or invest just steps from the city's vibrant square. Surrounded by locally owned boutiques, restaurants, and exciting new development, this property is ideally located in one of North Texas's fastest growing downtown districts. Celina is making a significant investment in its historic downtown, further enhancing the area's long term appeal. Planned improvements include new streets, expanded sidewalks, and the highly anticipated Downtown Center, a $93.4 million mixed use project featuring a multi level parking garage, a four story building with a state of the art library and community gathering spaces, and a revitalized alleyway park, with completion anticipated in late 2026. Nearby Ousley Park will also introduce pickleball courts, walking trails, a dog park, and additional recreational amenities. Enjoy the convenience of being just a short walk from Celina's beloved community events, including Friday Night Markets, Movie Nights on the Square, Cajun Fest, and seasonal festivals that make downtown such a special place to live. For those seeking an even greater opportunity, the adjacent lot at 412 N Arizona is also available for purchase. Acquire one homesite or combine both to create a larger footprint in one of Downtown Celina's most desirable redevelopment locations. Whether you envision building a custom home, developing an income producing property, or securing a strategic investment in a high growth market, this property offers exceptional potential. Large, walkable homesites in historic Downtown Celina are becoming increasingly rare, making this an opportunity you won't want to miss.