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    3700 University Dr McKinney, TX 75069

    For Sale
    Contact for pricing

    Prime 1-acre commercial lot, US 380 frontage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 1-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of McKinney, Texas. Strategically located along the heavily trafficked US 380 highway, this property boasts excellent visibility and accessibility. The site is zoned for General Business District (flexible zoning), allowing for a wide array of retail and service establishments. Utilities are readily available to the site, simplifying development. The property is situated in the McKinney ISD school district and enjoys proximity to both downtown McKinney (under 7 miles) and downtown Princeton (under 4 miles). While the General Business zoning designation has a sunset clause (July 1, 2014), the existing zoning allows for a diverse range of commercial uses. Specific permitted uses are detailed in the city's zoning ordinance, including those listed in the Schedule of Uses. The lot offers flexibility in terms of building size and design, with no minimum lot area, width, or depth requirements. Side yard requirements are minimal (five feet when abutting a zone requiring a side yard; none when abutting other businesses). Maximum lot coverage is 95 percent, and the maximum floor area ratio is 2.0:1.0. This prime location and flexible zoning make this property ideal for a variety of commercial ventures. Don't miss this chance to secure a highly visible and accessible site in one of Texas's fastest-growing communities.

    Property Features for 3700 University Dr

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • 1‑acre commercial land site available for sale or ground lease in McKinney, Texas, on heavily trafficked US 380.
    • The property offers flexible General Business District zoning.
    • Utilities are available on‑site.
    • Located in the McKinney ISD school district, less than 7 miles from downtown McKinney and less than 4 miles from downtown Princeton.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Wholesale Shop Hair Salon Clothing Store Auto Repair Shop Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    McKinney
    County
    Collin
    State
    Texas
    Longitude
    -96.5547724
    Latitude
    33.1914582

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    FAQs

    What type of property is this?
    Land - Prime 1-acre commercial lot, US 380 frontage.
    Where is this land located?
    The property is located at 3700 University Dr McKinney, TX.
    What are key features of this property?
    This property features: 1-acre commercial land site available for sale or ground lease in McKinney, Texas, on heavily trafficked US 380.; The property offers flexible General Business District zoning.; Utilities are available on-site.
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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
    3700 University Dr McKinney, TX 75069
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