4156 Ridge Rd McKinney, TX 75071
- Commercial real estate
- 5.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4156 Ridge Rd
- Lot size
- 5.00 lot acres
- Property type
- Commercial real estate
Description
This exceptional 5-acre commercial land parcel presents a significant investment opportunity in the rapidly growing McKinney, Texas area. Located at 4156 N Rdg Rd, McKinney, TX 75071, in Collin County, this property offers unparalleled potential for various development projects. The land's strategic location is directly across from the new Highland Lakes master-planned community, a 450-acre development featuring plans for 1376 homes. This proximity ensures high visibility and accessibility to a substantial and expanding residential population. Furthermore, the upcoming 380 bypass will run within close proximity, making this site ideal for a strip shopping center or other commercial ventures catering to the burgeoning community and increased traffic flow. The property currently includes a 2444 square-foot home, providing options for immediate income generation through leasing or owner occupancy while the land appreciates in value. This versatile property is suitable for various uses, including residential development, commercial development, or land banking, offering a compelling investment opportunity in one of DFW's most promising growth areas. The asking price is $2,900,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- McKinney
- County
- Collin
- State
- Texas
- Longitude
- -96.697453266176
- Latitude
- 33.24977655187
