2021 Mcdermott Dr Allen, TX 75013-4716

This ±1.04-acre pad site presents a unique investment opportunity in Allen, Texas, a thriving community just north of Dallas. Ideally situated at the intersection of McDermott Drive and Custer Road, this property benefits from exceptional visibility and high traffic counts exceeding 49,000 vehicles per day. The site boasts strong demographics, with over 142,000 people residing within a three-mile radius and average household incomes surpassing $166,000. This underscores the significant purchasing power and market demand in the immediate vicinity. Across McDermott Drive lies Custer Ridge Estates, a new luxury residential development nearing completion. This development will comprise 105 homes, priced between $900,000 and $1,300,000, further enhancing the desirability and potential of this commercial site. The property's zoning is PD-56, with an underlying shopping center (SC) designation, providing flexibility for a variety of commercial uses. This exceptional location and strong surrounding demographics make this ±1.04-acre pad site an attractive proposition for developers and investors seeking a prime location in a high-growth area. The address is 2021 W McDermott Dr, Allen, TX 75013, within Collin County.