3700 University Dr McKinney, TX 75069
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.