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$6,000,000

TBD Parker Street, McKinney, TX, 75069

On MarketInfo

About this property

Incredibly rare opportunity to own approximately 18.5 acres in the McKinney Historic District. Opportunities of this size within one of North Texas' most sought-after historic areas are exceptionally rare. Ideally positioned just minutes from Historic Downtown McKinney and adjacent to the natural beauty of Finch Park, this remarkable property offers a unique opportunity to shape the future of one of McKinney's most distinctive areas while honoring the history and character that make this location so special. Whether envisioned as a thoughtfully planned and district-appropriate residential community, a carefully designed mixed-use project, or a long-term investment, this property presents possibilities that are seldom available within the city's historic core. The seller is offering approximately 18.5 acres, which will be created through a re-parceling process prior to closing. The historic E.W. Kirkpatrick House and approximately 1.3 acres surrounding the residence are not included in this offering and are being marketed separately, allowing one of McKinney's treasured historic homes to remain independently preserved. Enjoy convenient access to Historic Downtown McKinney's award-winning dining, shopping, entertainment, year-round events, and local businesses, along with Finch Park's walking trails, open green space, and recreational amenities. Properties offering this combination of size, location, and proximity to downtown are exceptionally uncommon, making this an outstanding opportunity for buyers seeking a landmark investment in one of McKinney's most desirable areas. Buyers are encouraged to independently verify all information, including acreage, zoning, permitted uses, development potential, utilities, and all governmental approvals required for any intended use.

Investor Tools

$0Estimated Mortgage Balance
$6,000,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$36,000 /month
Positive
Cash Flow Estimate:
$12,000 /month

Interested in this property?

Jared Tye

Tye Realty Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: McKinney

TBD Parker Street | Property Details | No Agent List