Property profile

1310 Central Expy Mckinney, TX 75070

OFF-MARKET
Commercial real estate
Property ID
US82-3944398
8,290 SF 1.1 ac lot Built 1996
Entity Owned 23-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 8,600 square foot retail property, currently entirely vacant, presents a unique opportunity for a restaurant or similar business in the thriving city of McKinney, Texas. Located at 1310 N Central Expressway, this property sits on a generous 1.1-acre lot, offering ample space for outdoor seating, parking, or expansion. The building's zoning is C-3 Regional Commercial, allowing for a wide range of uses. The property is situated in Collin County, Texas, and boasts convenient access to major transportation routes, making it highly visible and easily accessible to customers. The entire 8,600 square feet is available for lease, providing a blank canvas for a new establishment to flourish. This location offers a dynamic and growth-oriented environment within a bustling community, making it an ideal investment for businesses seeking high visibility and a strong customer base. The property's size and location make it suitable for a variety of restaurant concepts, from fast-casual to fine dining. The 1.1-acre lot provides significant flexibility for development and customization to meet specific business needs. This is a rare opportunity to secure a prime commercial property in a rapidly expanding area of McKinney. The property is ready for immediate occupancy.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1996
Total area 8,290 SF
Lot 1.1 ac (48,090 SF)
APN R-1105-00A-002R-1
UPID US82-3944398

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub

Location

1310 Central Expy Mckinney, TX 75070-3312
Mckinney metro Census 30702 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$545k
CAP Approach CAP
by Request
Comparable Approach Comparable
$656k
Blend (final) Blend
$600k

Owner & transaction history

since 2002
7 recorded transactions
2020
Price N/A
2020
Price N/A
2020
Price N/A
2019
Price N/A
2019
Price N/A
2019
Price N/A
2019
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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