0 Tx 121 & Alma Rd, McKinney, TX 75013
This exceptional mixed-use property, located at the intersection of TX 121 and Alma Road in McKinney, Collin County, Texas (zip code 75013), offers a significant investment opportunity. The 23,792 square foot site sits on a 20-acre lot and is zoned for Planned Development, allowing for diverse commercial uses. The property is ideally suited for a variety of restaurant and retail concepts, with flexible space options available. Potential tenants could utilize up to 1,950 square feet for a drive-thru restaurant, up to 2,200 square feet for a non-drive-thru restaurant, and up to 3,200 square feet for other retail uses. This prime location benefits from exceptional visibility and accessibility due to its strategic placement at a major intersection. The property's proximity to a future Collin College technical campus (projected 5,000 students) promises significant future growth and increased foot traffic. Furthermore, its location across Alma Road from Craig Ranch and its TPC golf course, and a 527,000 square foot office campus, provides a strong existing customer base. The property is also conveniently situated across TX-121 from a proposed mixed-use development, "The Avenue," slated for groundbreaking. This development will further enhance the area's appeal and attract additional customers. This is a rare opportunity to acquire a substantial property in a rapidly growing area with significant long-term potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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