2236 University Dr McKinney, TX 75069
This exceptional 9.952-acre commercial land parcel presents a prime investment opportunity in McKinney, Texas. Located on East University Drive (Highway 380), this property boasts convenient road access and sits within city limits. Currently zoned for potential commercial development, including light to heavy industry uses, and even an RV park, this versatile site offers significant upside. The property includes existing improvements: a 3,709 square foot home and a 4,000 square foot barn/workshop, which could be repurposed for office space or other commercial uses. Utilities are already on-site. Note that approximately 136 feet of the property was acquired by TXDOT as part of the US 380 expansion to a six-lane highway. The remaining acreage is ideal for future development, offering excellent visibility and accessibility. The property is ag-exempt and features additional amenities such as a pool and pond. Its proximity to McKinney National Airport further enhances its appeal. All information, including measurements, should be independently verified by the buyer. This is a rare opportunity to acquire a substantial commercial tract in a rapidly growing area of Collin County. The asking price is $2,100,000.
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
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.