1005 E University Drive, Mckinney, TX 75069
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Jamie Lockhart

Jamie Lockhart

+1(817) 770-1429
$500,000
Est. payment /mo
1.86 Acres Lot
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Key Details

Property Type Commercial

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Wanda H Add

MLS Listing ID 21388480

Annual Tax Amount $4,327

Lot Size 1.861 Acres

Acres 1.861

Property Sub-Type Unimproved Land

Property Description

PRIME 1.861-ACRE COMMERCIAL DEVELOPMENT OPPORTUNITY ON US 380 – McKINNEY, TX. Rare opportunity to acquire approximately 1.861 acres of commercially zoned land with 939 feet of frontage on US 380 in McKinney, Texas. Positioned along a major growth corridor, the property sees more than 44,000 vehicles per day, providing excellent visibility and exposure. The surrounding population base experienced 5.3% annual growth from 2020 to 2024, supporting the long-term potential of this location. The property is conveniently located 2.4 miles from McKinney National Airport (TKI), 1 mile from Highway 5, 2 miles from Highway 75, and 5 miles from the Sam Rayburn Tollway. Located at a signalized T-intersection, the property offers excellent visibility and an ideal location for signage and advertising exposure. It is also minutes from Princeton, Texas, one of the fastest-growing cities in America. The property is currently used as a welding shop and has previously been leased to tenants from time to time, offering an opportunity for an investor or owner-user to generate income while benefiting from the underlying land value. The existing improvements provide flexibility for continued use, leasing, or future redevelopment. The value is primarily in the land and its strategic US 380 location. Strong population growth, high traffic counts, excellent highway access, and surrounding development make this an attractive opportunity for an investor, developer, or business owner. Owner financing available with a minimum of 60% down.
Key Highlights
1.861 ± acres
939 ± feet of US 380 frontage
44,000+ vehicles passing daily
Dual commercial zoning
Signalized T-intersection
5.3% annual population growth (2020–2024)
2.4 miles to McKinney National Airport
1 mile to Highway 5
2.6 miles to Highway 75
5 miles to Sam Rayburn Tollway
Minutes from Princeton, TX
Existing welding shop-business use
Income-producing potential or future redevelopment
Owner financing available – minimum 60% down

Location

State TX

County Collin

Zoning Light and Heavy commercial

Direction Use GPS

Interior

Heating None

Cooling None

Flooring None

Heat Source None

Exterior

Utilities Available No Sewer, No Water

Waterfront Description Creek

Roof Type Metal

Garage No

Building

Lot Description Irregular Lot

Foundation Other

Structure Type Steel Siding

Others

Acceptable Financing Cash, Conventional, Owner Will Carry

Listing Terms Cash, Conventional, Owner Will Carry

Special Listing Condition Flood Plain

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
©2026 North Texas Real Estate Information Systems.
Listed by Daniel Cano • JPAR North Metro

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Jamie Lockhart

Jamie Lockhart

+1(817) 770-1429

Luxury Realtor®- Team Lead JSNT Group

Luxury Realtor®- Team Lead JSNT Group

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