Murphy USA

Murphy Oil USA is developing a new 2,800-square-foot gas station at the intersection of Hwy 380 and Cypress Bend in Princeton, Texas. The project, registered with the Texas Department of Licensing and Regulation (TDLR) in January 2025, includes a canopy and underground storage tanks. The estimated cost for this new construction is $800,000, which equates to a rate of $286 per square foot. TDLR completed the plan review for this filing in January 2025, and the project is scheduled to finish in December 2026, with construction work starting in September 2026.

This Murphy USA Princeton location is one of several similar developments by the owner, who has six other TDLR-registered projects totaling $4,800,000 in other Texas cities including Mansfield, Rockdale, Bryan, and Sugar Land. The project is privately funded on private land for private use. The registered accessibility specialist for this filing is Jeffery L Kelley.

Construction Timeline and Scope

The scope of work involves the construction of the proposed gas station building, canopy, and underground storage tanks. The scheduled build window is 91 days, which is shorter than the median scheduled build window of 212 days for new construction filings in Collin County. The estimated cost is close to the county median for its type, while the cost per square foot is above the county median of $120. The project is not under construction, as the start date is set for September 2026.

Local Context and Comparisons

Princeton, with a population of approximately 28,931, has a median household income of $92,076 and a median owner-occupied home value of $307,500, according to U.S. Census ACS 2023 five-year estimates for ZIP 75407. The area already hosts several businesses, including Cypress Bend Dental, Velocity Physical Therapy, and Immanuel Family Clinic. Other recent new construction projects in the area include Princeton MOB Building 1 and 2, Solena Clubhouse, and Texas Roadhouse. A Facebook post by PrincetonCares shared details about this specific development opportunity in Princeton. The Collin County unemployment rate was 4.6 percent in June 2026, higher than a year earlier.

This project represents a standard new construction filing for a fueling station. The TDLR status is Review Complete, indicating that the accessibility plan has been approved. The owner, Murphy Oil USA, maintains a consistent portfolio of similar gas station projects across Texas. The specific location at Hwy 380 and Cypress Bend serves the Princeton community. The estimated figures and dates provided are based on the official TDLR registration filed in January 2025. The project remains in the pre-construction phase until the scheduled start date in September 2026.