3121 Mckinney St Melissa, TX 75454
- Commercial real estate
- 1,191 SF
- 0.30 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 3121 Mckinney St
- Year built
- 1952
- Lot size
- 0.30 lot acres
- Property size
- 1,191 SF
- Property type
- Commercial real estate
- APN
- R-1088-004-005R-1
- APU
- R1088004005R1
Description
This exceptional 1,510 square foot office building presents a unique opportunity for businesses seeking high visibility and prime location in the rapidly growing town of Melissa, Texas. Situated on a sizable 0.24-acre corner lot, the property boasts significant highway frontage, ensuring maximum exposure to a high volume of daily traffic. Its strategic location just south of Melissa's new Town Center further enhances its desirability. The building is ideally suited for professional office suites or light retail ventures, offering ample space for various business needs. A substantial garage provides valuable additional space, perfect for storage or use as a workshop, adding significant utility to the property. The high profile and prominent address place your business at the heart of Melissa's thriving commercial sector, providing unparalleled access to the town's growing population and economic activity. This is an exceptional chance to establish a strong presence in a dynamic and expanding market, capitalizing on the significant advantages of this highly visible and conveniently located commercial property. The asking price is $525,000. Don't miss this opportunity to secure a foothold in Melissa's burgeoning commercial landscape.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $265,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $295,000
- 6.5%
- $270,000
- 7%
- $255,000
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Location Insight
- Map
- Local Demand
- City
- Melissa
- County
- Collin
- State
- Texas
- Longitude
- -96.5728
- Latitude
- 33.2897
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA