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10021 Virginia Pkwy
McKinney, TX 75072

$2,268,900 USD

Land For Sale  •  1.5 AC

Property Details

  • Property Type Land
  • Lot Size 1.5 AC
  • Zoning C2
0 Transit Score
8 Walk Score

Description

Vanguard Real Estate Advisors (“VREA”)  has been exclusively retained by Ownership to offer the opportunity to purchase a 1.5+/- acre commercial development site out of a larger 2.5+/- acre Site located at 10021 Virginia Parkway in McKinney, TX (the “Site”). The Site is currently zoned C-2 (Local Commercial District) creating the opportunity for a variety of commercial uses for a potential purchaser. Its prime location at the hard corner of Virginia Parkway and Independence Parkway offers excellent visibility and easy access, making it a highly desirable development Site. The Dallas North Tollway is located approximately 4 miles west of the Site, US 75 is approximately 6.5 miles to the East, and US 380 is less than a mile to the North. The Site is located at a busy intersection with no existing retail. The locations demographics are extremely strong, with a one-mile median household income of $189,000 and a one-mile median home value of $658,333. This is an excellent opportunity to acquire a hard corner in one of the fastest growing markets in Texas at a price of $35 psf. Note that 1+/- acre of the larger 2.5+/- acre Site is currently under contract thus leaving the remaining 1.5+/- acres for sale.


 A 2% co-broker fee is available to a Broker that sources a Principal that VREA has not previously contacted in any format or sent information to regarding this opportunity; a third party broker must register their client upon initial contact with VREA.

Highlights

The 1.5+/- acre Site is strategically located approximately 4 miles east of the Dallas North Tollway in McKinney, near the border of Frisco.
The Site is located between several single-family developments, with a one-mile median household income of $189,000.
The Site is zoned C2, which allows for mid-sized, medium intensity commercial, retail, office, service oriented, and professional uses.
The zoning allows for a maximum height of 3 stories and 45 feet.
Market rent in the McKinney retail submarket per CoStar has grown by 4.3% within the last year and is expected to continue to grow. 
The Property is situated at the southwest hard corner of Virginia Parkway and Independence Parkway allowing for unparalleled visibility and access.

Property Flyers

Public Transportation

AirportDriveWalkDistance
Dallas Love Field 43 min - 31.0 mi
Dallas-Fort Worth International 40 min - 31.8 mi
Jordan Cortez 214-556-1951 Vanguard Real Estate Advisors
Jordan Cortez 214-556-1951 Vanguard Real Estate Advisors