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 0.29 acres, this property offers an unusually flexible configuration with access from N College Street as well as S Sherman Street, creating potential for a variety of future development concepts, working with the city to reflect their requirements for the Historic District. 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.
Property Details
- Lot Features
- Interior Lot, Subdivided, City Lot
- Lot Description
- Interior Lot, Subdivided, City Lot
- Acres
- 0.0
- Lot Size (sqft)
- 0.294
- Property Type
- Purchase
- Property Subtype Additional
- Improved Land
- Year Built
- 1960
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Electricity Available, Sewer Available, Underground Utilities, Water Available
- Subdivision
- Whites Add
- Community Features
- Curbs
- School District
- McKinney ISD
- Elementary School
- Caldwell
- Middle School
- Faubion
- High School
- Mckinney Boyd
- County
- Collin
- Region
- McKinney
- Days on Market (Cumulative)
- 15
- Taxes Annual
- $3,410
- MLS #
- 21371718
- Property Subtype
- ImprovedLand
- Fence
- 1
- Parcel Number
- R084000501101
- MLS #
- 21371718
- Address
- 1018 College Street
Location
Legal
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Provided By
Listed by Karola Sajuns (#0710228)
Listing Office: Karola Realty (#KAR01C)
