INVESTOR or DEVELOPMENT OPPORTUNITY IN HISTORIC DOWNTOWN McKINNEY! Rare opportunity to acquire a property in the highly sought-after Historic McKinney district where the value is primarily in the land and its development potential. Situated on approximately 0.29 acres, this property offers an unusually flexible configuration with access from N College Street as well as S Sherman Street, creating potential for a variety of future development concepts. Buyer to independently verify zoning, permitted uses, access, utilities, development requirements and all other information with the City of McKinney. The existing home is being offered AS-IS and is best suited for an investor, builder or developer looking to capitalize on the location rather than simply purchase a traditional residential property. The dual-street access and prominent location create possibilities that may not be available with a typical interior lot. Located in the Historic Downtown McKinney, one of North Texas' most distinctive urban districts, the property is surrounded by preserved historic architecture, locally owned shops, restaurants, galleries, entertainment and year-round events. It is known for its walkable atmosphere & unique blend of historic character and modern energy, with more than 120 locally owned businesses and a vibrant cultural scene. The City of McKinney has made continued reinvestment in Downtown a priority while emphasizing preservation of its historic character and encouraging thoughtful infill and redevelopment. Bring your vision. Properties with this combination of Historic Downtown location, land value and access from two streets are rarely available. Existing structure conveys AS-IS. It comes with the main house plus a converted garage building with storage, 2 bedr and 2 baths. Buyer and buyer's agent to verify all development potential, zoning, dimensions, restrictions and feasibility.
| MLS # | 21371715 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1960 |
| Days On Site | 38 |
| Listing Provided By | Karola Realty | Karola Sajuns |
| SQ Feet | 1,815 |
|---|---|
| Garage | 2 |
| Story(s) | 2 |
| Acreage | 0.29 |
| Room Count | 0 |
|---|---|
| Interior Features | Other |
| Appliances | Other |
| Fireplace Features | Other |
| Construction Materials | Wood |
|---|---|
| Lot Features | Interior Lot |
| Garage Yn | 1 |
|---|---|
| Attached Garage Yn | 0 |
| Parking Features | Garage Faces Front |
| Utilities | City Sewer, City Water, Curbs, Electricity Available, Underground Utilities |
|---|
| Unexempt Taxes | 3410 |
|---|---|
| Tax Lot | 11 |
| Tax Block | 5 |
| Tax Legal Description | WHITES ADDITION (CMC), BLK 5, LOT 11 |
| State | TX |
|---|---|
| County | Collin |
| City | McKinney |
| Zip Code | 75069 |
| Area | Collin |
| Community Name | Whites Add |
| School District | McKinney ISD |
| Elementary School | Caldwell |
| High School | Mckinney Boyd |
| Listing VS Median (in Whites Add) | |
Price: $225,000 low | high Med: $189,950 sqft: 1,815 low | high Med: 1,700 $ / sqft: $124 low | high Med: $111 On site: 38 low | high Med: 88 | |
| State | TX |
|---|---|
| County | Collin |
| City | McKinney |
| Zip Code | 75069 |
| Area | Collin |
| Community Name | Whites Add |
| School District | McKinney ISD |
| Elementary School | Caldwell |
| High School | Mckinney Boyd |
| Listing VS Median (in Whites Add) | |
Price: $225,000 low | high Med: $189,950 sqft: 1,815 low | high Med: 1,700 $ / sqft: $124 low | high Med: $111 On site: 38 low | high Med: 88 | |