505 S Chestnut Street, Mckinney, TX 75069 - MLS#20728240

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Debbie Waters

debbiewaters@ziglarrealty.com +1(972) 841-8461

$499,000

Est. payment - /mo

0.27 Acres Lot

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UPDATED:

12/11/2024 08:27 PM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Subdivision Shorts Add

MLS Listing ID 20728240

Total Fin. Sqft 1552

Year Built 1915

Annual Tax Amount $3,576

Lot Size 0.269 Acres

Acres 0.269

Property Description

The property is zoned BN . Business Neighborhood. , The lot is in a prime area with the redevelopment of the HWY 5 corridor in McKinney. The lot is 11,717 sq ft. Currently there is a 1552 sq ft home located on the lot, this has great potential for a rental property. The buyer can rent out this property until the property is developed to commercial.. This is a great opportunity to purchase an investment property on HWY 5. Just across the street, a Starbucks is being built. The new City Hall of McKinney is located just north of this location along with a Mixed use development. Just south of this location is a Strip retail center under construction. Schedule your tour today.

Location

State TX

County Collin

Zoning BN

Direction Traveling North on Hwy 5 in McKinney, Turn left onto Short St, Turn right on to S Chestnut the property is on the left.

Interior

Heating Natural Gas

Cooling Wall/Window Unit(s)

Flooring Wood

Heat Source Natural Gas

Exterior

Utilities Available Cable Available, City Sewer, City Water, Electricity Connected, Individual Gas Meter

Roof Type Composition

Garage No

Building

Foundation Pillar/Post/Pier

Structure Type Frame,Wood

Others

Ownership See agent

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Wesley Haile • Russell Realty

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Debbie Waters

+1(972) 841-8461

Agent | License ID: 0623163

Agent License ID: 0623163