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3565 FM 1461 - 3565 FM 1461

7.72 Acres of Commercial Land Offered at £3,912,250 in McKinney, TX 75071

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Investment Highlights

Prime Commercial, Mult-Family Land Opportunity Off Proposed New US 380 Highway

Frontage on Baxter Well Rd.

Executive Summary

This is a one of a kind property on a CORNER LOT with two main entrances on FM 1461-Lake Forrest and Baxter Well Rd. Front 3 acres is zoned Commercial and back 4.72 acres is 1D1 Ag exemption. Perfect for COMMERCIAL, MULTI-FAMILY, STORAGE, OR RETAIL opportunities with 432 feet of frontage to the main road. Presently used as a retail nursery-landscape and includes a 1225 sqft retail office space building, huge outdoor 8349 sqft warehouse building and additional 2520 sqft outdoor storage building. The back of this property includes a 60ft easement all along the property creek for future sewer connection. Land is very close proximity to the NEW PAINTED TREE RESIDENTIAL DEVELOPMENT and Baylor Scott and White hospital. Huge revenue potential on this prime location.

Property Facts

Price	£3,912,250	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Commercial Retail Apartment Units
No. Lots	1	Total Lot Size	7.72 AC
Property Type	Land

Price	£3,912,250
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Apartment Units
Total Lot Size	7.72 AC

1 Lot Available

Lot

Price	£3,912,250	Lot Size	7.72 AC
Price Per AC	£506,768

Price	£3,912,250
Price Per AC	£506,768
Lot Size	7.72 AC

INCREDIBLE COMMERCIAL, MULTI-FAMILY, PROPERTY! This 7.72 acre tract is located in the ETJ of McKinney, one block northwest of the proposed NEWLY ROUTED US 380 HIGHWAY at Bloomdale Rd. and FM 1461 - future 4 lane Lake Forrest Drive widening expansion.

PROPERTY TAXES

Parcel Number	R-6838-000-0660-1	Improvements Assessment	£137,530
Land Assessment	£409,642	Total Assessment	£547,171

PROPERTY TAXES

Parcel Number

R-6838-000-0660-1

Land Assessment

£409,642

Improvements Assessment

£137,530

Total Assessment

£547,171

zoning

Zoning Code	Commercial (Front 3 acres zoned commercial in ETJ. Back 4.72 acres is 1D1 Ag exemption.)
Commercial (Front 3 acres zoned commercial in ETJ. Back 4.72 acres is 1D1 Ag exemption.)