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$4,718,091

2705 Virginia Parkway, McKinney, TX, 75071

Off MarketInfo
LeaseInfo
CommercialInfo
Baths0 Bath
Baths26,888 Sq Ft
BusinessBusiness
Year BuiltBuilt in 2009

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringCarpet, Ceramic Tile

Exterior

Lot Size5.31 acres

Building Information

Year Built2009
Stories1

Land Information

APNR-5059-00A-0010-1
Lot Number1
SubdivisionWesley Methodist Addition (Cmc)
Land UseOther / Unknown
Legal DescriptionWESLEY METHODIST ADDITION (CMC), BLK A, LOT 1
Census Tract030608
Assessed Land Value$2,080,596
Assessed Improvement Value$2,637,495
Assessment Year2025

About this property

Freestanding church educational facility available for lease at the NW corner of US-75 and Virginia Pkwy in McKinney. Features include classrooms, offices, full gymnasium, kitchen, and restrooms on both levels. Carpet throughout with vinyl tile in restrooms, commercial kitchen, and gym. Ample parking, mature trees, and convenient highway access. Estimated 32 sq ft plus NNN 7SF plus utilities. Suitable for school, church, or professional use; tenant to verify with City.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,966/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$4,718,091
2025
$2,080,596
$2,637,495
$4,718,091
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$4,718,091

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wesley Investment Foundation Inc
Open End Mortgage / Open End With Future Advance Clause
$3,150,000
No
First
Dec 21, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,887,376
$1,830,715
38%
61%
$18,886/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: McKinney

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2705 Virginia Parkway | Property Details | No Agent List