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    OFF-MARKET
    Land

    0 Sec Lk Frst Dr & Mckinney Rnch Pkwy, McKinney, TX 75070

    1 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial land offering, known as LAKE FOREST COMMONS, presents a unique investment opportunity in the thriving city of McKinney, Texas. Located at the signalized intersection of Lake Forest Drive and McKinney Ranch Parkway, this property boasts a highly visible location directly across from a Walmart Supercenter and less than a mile from the heavily trafficked TX-121 highway. The site encompasses between one and two acres of land zoned C-3, allowing for a wide range of commercial uses. Development plans include pad sites available for sale, ground lease, or build-to-suit options, all delivered pad-ready. The C-3 zoning permits a variety of uses, including retail, restaurants, quick-service restaurants (QSRs), gas stations, automotive businesses, fitness centers, and daycare facilities. Two existing buildings are also available for lease, one approximately 9,500 square feet and the other approximately 10,500 square feet, with an estimated delivery date of Q1 2025. This prime location, coupled with the flexibility of available options and the high-traffic area, makes LAKE FOREST COMMONS an ideal investment for businesses seeking strong visibility and accessibility. Contact for pricing and further details.

    Property profile
    Verified
    Property type Land
    Lot 1 ac (43,560 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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