$225,000
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. Per the city, the original home may date back to the early 1900s. The home and secondary building sit on approximately 0.29 acres. This property offers an unusually flexible configuration with access from N College Street and S Sherman Street, creating potential for a variety of future development concepts, subject to city requirements for the Historic District. The existing home is offered AS-IS and is best suited for an investor, builder or developer looking to capitalize on the location rather than purchase a traditional residential property. Dual-street access and the prominent location create possibilities that may not be available with a typical interior lot.
Located in 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 continues to prioritize Downtown reinvestment while emphasizing preservation of its historic character and thoughtful infill and redevelopment. Bring your vision. Properties combining Historic Downtown location, land value and access from two streets are rarely available. Existing structures convey AS-IS. Includes the main house plus a converted garage building with storage, 2 bedrooms and 2 baths. Buyer and Buyer’s Agent must verify with the City of McKinney zoning, permitted uses, development potential, restrictions, lot dimensions (no survey on hand), access, development requirements and feasibility of intended use.
21371718
MLS
1018 N College St, McKinney
