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Days260Days on Market
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$7,999,999

2705 Virginia Parkway SLE, McKinney, TX, 75071

On MarketInfo
CommercialInfo
Baths0 Bath
Baths26,888 Sq Ft
BusinessBusiness
Year BuiltBuilt in 1979

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringCarpet, Ceramic Tile, Combination, Laminate, 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

Outstanding opportunity to acquire a well-maintained and updated church and ministry campus in the heart of McKinney. Situated on approximately 5.3 acres with 30,324 SF plus an additional 1550 square feet portable building, the property features a spacious worship sanctuary, classrooms, offices, commercial kitchen, fellowship hall, full-court gymnasium, and flexible activity rooms. Built in 1979 with brick and fiber-cement construction, the campus offers ample paved parking, circular drive, LED frontage sign on Virginia Pkwy and city utilities. Located on highly visible Virginia Parkway just west of US-75, the site provides convenient access to neighborhoods, schools, and retail corridors. Ideal for worship, private school, childcare, community center, or educational facility. Offered for sale at $7,999,999. All existing avl components within worship center will convey with the property as part of a full-price purchase. Property currently has a preschool operating Monday through Friday bringing in $20,000 of rental income monthly. Sales price listed does not include this tenant staying but if buyer is interested in tenant staying seller is open to discuss a new sales price.

Investor Tools

Property Icon
$4,718,091
Estimated Property Value
$0Estimated Mortgage Balance
$1,830,715Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$48,000 /month
Positive
Cash Flow Estimate:
$16,000 /month

Interested in this property?

Fathom Realty

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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.

Explore Texas Explore This Area
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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