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3352 N McDonald St
McKinney, TX 75071
Land For Sale
·
12.50 AC
Executive Summary
Beyond multifamily, the property presents a compelling long-term repositioning opportunity as surrounding industrial and commercial growth continues to expand throughout the SH 5 corridor. With the planned reconstruction of SH 5 into a four-lane divided roadway beginning in mid-2028, the site is well-positioned to benefit from improved accessibility, visibility, and traffic flow. Utilities are available to the site, approximately ±9.88 acres are usable, and the property is located within McKinney Independent School District with a favorable tax rate of approximately 1.75%.
This offering presents a rare opportunity to capitalize on both current multifamily entitlements and future redevelopment flexibility in one of North Texas’ fastest-growing markets.
Property Facts
1 Lot Available
Lot
| Lot Size | 12.50 AC |
| Lot Size | 12.50 AC |
Description
±12.57 Acre Development Opportunity at the northeast quadrant of State Highway 5 and Wilmeth Road in one of the fastest-growing corridors in McKinney Currently Zoned PD: RG-18 allowing for multifamily and single-family/townhome development Approved Site Plan for 232 Surface-Parked Multifamily Units providing a near-term residential development opportunity Potential for Increased Density Under SB 840, which may allow for up to four-story multifamily construction and enhanced unit yield Flexible Redevelopment Potential with the ability to pursue a rezone to industrial use amid growing surrounding industrial and employment expansion Strategically Positioned Along Planned SH 5 Reconstruction, with future improvements including a four-lane divided roadway scheduled to begin mid-2028 Strong Long-Term Growth Corridor benefiting from continued residential, commercial, and industrial development activity throughout north McKinney ±9.88 Usable Acres with utilities available to the site Located Within McKinney ISD Low Tax Rate of Approximately 1.75% Call for Pricing
