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    & Spur 399 Medical Center Dr McKinney, TX 75069

    Sponsored
    For Sale
    $1,000,000

    1.5-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.5-acre commercial land parcel presents a unique investment opportunity in the thriving city of McKinney, Texas. Strategically located at the intersection of Medical Center Drive and Spur 399 (also known as South McDonald Street), this property boasts significant visibility and accessibility. The site is zoned "C" – Planned Center, allowing for a variety of commercial uses including retail, office, and medical facilities. With approximately 33,000 vehicles passing daily on Spur 399 and approximately 50,000 vehicles daily on Highway 121, this location offers unparalleled exposure to a large and diverse customer base. Utilities are readily available, simplifying the development process. The property's advantageous position near the Southgate Development, Collin College, and Medical City Hospital further enhances its appeal and potential for strong returns. This is an exceptional opportunity to acquire a highly desirable commercial land parcel in one of Texas's fastest-growing cities. The asking price for this prime location is $1,000,000. Don't miss this chance to capitalize on the significant growth and development occurring in McKinney, Collin County.

    Property Features for & Spur 399 Medical Center Dr

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • 1.5‑acre site
    • Frontage on Medical Center Drive and Spur 399/S. McDonald Street
    • High traffic counts: ±33,000 VPD on Spur 399 and ±50,000 VPD on Highway 121
    • C - Planned Center zoning (retail, office, medical uses permitted)
    • All utilities available
    • Prime location near Southgate Development, Collin College, and Medical City Hospital.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    McKinney
    County
    Collin
    State
    Texas
    Longitude
    -96.63643
    Latitude
    33.16398

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    FAQs

    What type of property is this?
    Land - 1.5-acre commercial lot, prime location.
    Where is this land located?
    The property is located at & Spur 399 Medical Center Dr McKinney, TX.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: 1.5-acre site; Frontage on Medical Center Drive and Spur 399/S. McDonald Street; High traffic counts: ±33,000 VPD on Spur 399 and ±50,000 VPD on Highway 121
    (214) 289-4002
    Request Owner's contact information
    & Spur 399 Medical Center Dr 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
    & Spur 399 Medical Center Dr McKinney, TX 75069
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