INVESTOR or DEVELOPMENT OPPORTUNITY IN HISTORIC DOWNTOWN McKINNEY! Rare opportunity to acquire a property in the highly sought-after Historic McKinney district where the value is primarily in the land and its development potential. Situated on approximately 0.268 acres, this property offers an unusually flexible configuration with access from N College… Read More Street as well as S Sherman Street, creating potential for a variety of future development concepts. Buyer to independently verify zoning, permitted uses, access, utilities, development requirements and all other information with the City of McKinney.
The existing home is being offered AS-IS and is best suited for an investor, builder or developer looking to capitalize on the location rather than simply purchase a traditional residential property. The dual-street access and prominent location create possibilities that may not be available with a typical interior lot.
Located in the Historic Downtown McKinney, one of North Texas' most distinctive urban districts, the property is surrounded by preserved historic architecture, locally owned shops, restaurants, galleries, entertainment and year-round events. It is known for its walkable atmosphere & unique blend of historic character and modern energy, with more than 120 locally owned businesses and a vibrant cultural scene.
The City of McKinney has made continued reinvestment in Downtown a priority while emphasizing preservation of its historic character and encouraging thoughtful infill and redevelopment. Bring your vision. Properties with this combination of Historic Downtown location, land value and access from two streets are rarely available. Existing structure conveys AS-IS. It comes with the main house plus a converted garage building with storage, 2 bedr and 2 baths. Buyer and buyer's agent to verify all development potential, zoning, dimensions, restrictions and feasibility. Read Less
Courtesy of Karola Realty, Karola Sajuns.
Listing Snapshot
Days Online
50
Last Updated
Property Type
SingleFamilyResidence
Square Ft.
1,815
Lot Size
0.27 Acres
Year Built
1960
MLS Number
21371715
Additional Details
Building
Built in 1960, Year Built Details: Preowned, Living area: 1815.0, Levels: Two, Construction Materials: WoodSiding
Community
Curbs
Disclosures
AccessoryDwellingUnit
Fence
ChainLink, Wood
Fireplaces
1 fireplace
Garage
2 spaces
Lot
0.268 acres, Dimensions: 133.56 x 87.50, InteriorLot
