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    4156 Ridge Rd McKinney, TX 75071

    For Sale
    $2,900,000

    5-Acre Commercial Land, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 5-acre commercial land parcel presents a significant investment opportunity in the rapidly growing McKinney, Texas area. Located at 4156 N Rdg Rd, McKinney, TX 75071, in Collin County, this property offers unparalleled potential for various development projects. The land's strategic location is directly across from the new Highland Lakes master-planned community, a 450-acre development featuring plans for 1376 homes. This proximity ensures high visibility and accessibility to a substantial and expanding residential population. Furthermore, the upcoming 380 bypass will run within close proximity, making this site ideal for a strip shopping center or other commercial ventures catering to the burgeoning community and increased traffic flow. The property currently includes a 2444 square-foot home, providing options for immediate income generation through leasing or owner occupancy while the land appreciates in value. This versatile property is suitable for various uses, including residential development, commercial development, or land banking, offering a compelling investment opportunity in one of DFW's most promising growth areas. The asking price is $2,900,000.

    Property Features for 4156 Ridge Rd

    General Information

    Property type
    Land
    Lot Size
    217,800 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -96.697453266176
    Latitude
    33.24977655187

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    FAQs

    What type of property is this?
    Land - 5-Acre Commercial Land, Prime Location
    Where is this land located?
    The property is located at 4156 Ridge Rd McKinney, TX.
    What is the asking price?
    The asking price for this property is $2,900,000.
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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
    4156 Ridge Rd McKinney, TX 75071
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