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    505 S Chestnut St McKinney, TX 75069

    For Sale
    $400,000

    Retail - McKinney, TX

    Type:Retail
    Lot size:
    0.27 Acres
    Days on Market:
    76
    Last Refresh:
    Dec 11 at 9:06 am

    Property Features for 505 S Chestnut St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    R094101800201
    Parking features
    Carport, Driveway
    Lot size
    0.27 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1915
    Flooring type
    Wood
    Building materials
    Frame
    Roof type
    Composition
    Architectural style
    Other

    Russell Realty (469) 223-5972

    Listing agent Wesley Haile (469) 919-4567 License #0712321

    Listing date Sep 27, 2025

    MLS# 20728240 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Investment Opportunity in McKinney

    This property, located in McKinney, TX, offers an investment opportunity with redevelopment potential. The lot size is 11,717 square feet (0.269 acres) and is zoned BN (Business Neighborhood). A 1,552 square foot home is currently situated on the lot, presenting an immediate rental income opportunity while planning for commercial development. The property is located on the HWY 5 corridor, which is undergoing redevelopment. A Starbucks is under construction across the street. The new City Hall of McKinney and a mixed-use development are located just north of the property. Additionally, a strip retail center is under construction just south of this location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McKinney
    County
    Collin
    State
    Texas
    Longitude
    -96.613311
    Latitude
    33.192424

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    FAQs

    What type of property is this?
    Retail property - Prime location on HWY 5 corridor with redevelopment potential.
    Where is this retail property located?
    The property is located at 505 S Chestnut St McKinney, TX.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Zoned BN (Business Neighborhood) in a prime redevelopment area along HWY 5 corridor.; - **11,717 sq ft lot offers significant commercial development potential.**; - Existing 1552 sq ft home provides immediate rental income opportunity.
    (469) 919-4567
    Request Owner's contact information
    505 S Chestnut St McKinney, TX 75069
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    McKinney, TX 75069
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    505 S Chestnut St McKinney, TX 75069
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