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10021 Virginia Pkwy - 1.5+/- Acre Commercial Development Site 1.5 Acres of Commercial Land Offered at $2,268,900 in McKinney, TX 75072
Investment Highlights
- The 1.5+/- acre Site is strategically located approximately 4 miles east of the Dallas North Tollway in McKinney, near the border of Frisco.
- The Site is zoned C2, which allows for mid-sized, medium intensity commercial, retail, office, service oriented, and professional uses.
- Market rent in the McKinney retail submarket per CoStar has grown by 4.3% within the last year and is expected to continue to grow.
- The Site is located between several single-family developments, with a one-mile median household income of $189,000.
- The zoning allows for a maximum height of 3 stories and 45 feet.
- The Property is situated at the southwest hard corner of Virginia Parkway and Independence Parkway allowing for unparalleled visibility and access.
Property Facts
| Price | $2,268,900 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 1.50 AC |
| Property Type | Land | ||
| Zoning | C2 - Local Commercial District | ||
| Price | $2,268,900 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.50 AC |
| Zoning | C2 - Local Commercial District |
1 Lot Available
Lot
| Price | $2,268,900 | Lot Size | 1.50 AC |
| Price Per AC | $1,512,600.00 |
| Price | $2,268,900 |
| Price Per AC | $1,512,600.00 |
| Lot Size | 1.50 AC |
Description
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer the opportunity to purchase a 1.5+/- acre commercial development site out of a larger 2.5+/- acre Site located at 10021 Virginia Parkway in McKinney, TX (the “Site”). The Site is currently zoned C-2 (Local Commercial District) creating the opportunity for a variety of commercial uses for a potential purchaser. Its prime location at the hard corner of Virginia Parkway and Independence Parkway offers excellent visibility and easy access, making it a highly desirable development Site. The Dallas North Tollway is located approximately 4 miles west of the Site, US 75 is approximately 6.5 miles to the East, and US 380 is less than a mile to the North. The Site is located at a busy intersection with no existing retail. The locations demographics are extremely strong, with a one-mile median household income of $189,000 and a one-mile median home value of $658,333. This is an excellent opportunity to acquire a hard corner in one of the fastest growing markets in Texas at a price of $35 psf. Note that 1+/- acre of the larger 2.5+/- acre Site is currently under contract thus leaving the remaining 1.5+/- acres for sale. A 2% co-broker fee is available to a Broker that sources a Principal that VREA has not previously contacted in any format or sent information to regarding this opportunity; a third party broker must register their client upon initial contact with VREA.
Contacts
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Jordan Cortez -
Will Droese -
Haley Birmingham -
Mason John -
Reid Pierce -
Alex Johnson -
Justin Tidwell -
Vanguard Real Estate Advisors
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10021 Virginia Pkwy - 1.5+/- Acre Commercial Development Site
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