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    5959 Franklin Branch Rd McKinney, TX 75071

    For Sale
    $3,774,038

    7 Acres, High-Traffic Location, $12/SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 7.22-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of McKinney, Texas. Located at 5959 Franklin Branch Road, in Collin County, zip code 75071, this property boasts a highly desirable location within the McKinney extraterritorial jurisdiction (ETJ) on Frontier Parkway. The asking price is $3,774,038, translating to an attractive land value of $12 per square foot. The site benefits from its proximity to a major thoroughfare, with Frontier Parkway slated for widening to include a median break at the intersection of Frontier Parkway and Lake Forest. This strategic location ensures high visibility and accessibility, making it ideal for a variety of commercial developments. Importantly, this property is currently free from city restrictions, offering developers significant flexibility in their project planning. The coordinates are 33.2602844 latitude and -96.6839103 longitude. This prime location and the absence of city restrictions combine to create an exceptional opportunity for significant return on investment. Don't miss this chance to acquire a substantial tract of land in one of Texas's fastest-growing cities.

    Property Features for 5959 Franklin Branch Rd

    General Information

    Property type
    Land
    Lot Size
    314,503 SF

    HighLights

    • 7.22‑acre commercial land parcel in McKinney, TX.
    • Asking price: $3,774,038.
    • Located at 5959 Franklin Branch Rd, McKinney, TX 75071.
    • Land value: $12 per square foot.
    • Situated in the McKinney ETJ (Extra Territorial Jurisdiction) on Frontier Pkwy.
    • Frontier Pkwy will be widened to a major thoroughfare.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Building Supply Auto Repair Shop Hotel & Motel Gym & Fitness Auto Parts Store Kitchen & Bath Food Market Bar & Pub Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    McKinney
    County
    Collin
    State
    Texas
    Longitude
    -96.6839103
    Latitude
    33.2602844

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    FAQs

    What type of property is this?
    Land - 7 Acres, High-Traffic Location, $12/SF
    Where is this land located?
    The property is located at 5959 Franklin Branch Rd McKinney, TX.
    What is the asking price?
    The asking price for this property is $3,774,038.
    What are key features of this property?
    This property features: 7.22-acre commercial land parcel in McKinney, TX.; Asking price: $3,774,038.; Located at 5959 Franklin Branch Rd, McKinney, TX 75071.
    Request Owner's contact information
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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
    5959 Franklin Branch Rd McKinney, TX 75071
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