5974 N Mcdonald St Melissa, TX 75454
- Commercial real estate
- 1.12 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5974 N Mcdonald St
- Year built
- 1994
- Lot size
- 1.12 lot acres
- Property type
- Commercial real estate
Description
This 1.12-acre commercial property, located at 5974 N McDonald St in Melissa, Texas (zip code 75454), presents a unique investment opportunity. Built in 1994, the property is situated in an unincorporated area between the rapidly growing cities of McKinney and Melissa, offering significant potential for various business ventures. The property includes a house, which can generate rental income or be converted into office space, adding to the property's versatility. An additional shop space provides further options for storage or potential lease income. This location benefits from its proximity to Melissa, with the upcoming openings of new HEB and Kroger grocery stores promising increased foot traffic and consumer activity. The property's classification as both retail and land allows for a wide range of development possibilities, making it an attractive option for both established businesses and investors seeking to capitalize on the thriving Collin County market. The property's size and existing structures offer immediate income potential while also providing ample space for future expansion or redevelopment. This is a rare opportunity to acquire a versatile commercial property in a high-growth area.
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
- Melissa
- County
- Collin
- State
- Texas
- Longitude
- -96.5975477
- Latitude
- 33.2573904
