2401 Mckinney StMelissa, TX 75454

  • Commercial real estate
  • 9,301 SF
For Lease

Property Details for 2401 Mckinney St

Year built
2015
Lot size
1.85 AC
Property size (Sq ft)
9,301 SF
Property type
Commercial real estate
APN
R-10898-001-0010-1
APU
R1089800100101

Description

This exceptional retail opportunity in Melissa, Texas, presents a ±12,400 square foot building featuring two endcap drive-thrus. Ideally situated at 2401 McKinney St, 75454, in Collin County, this property offers unparalleled access to a thriving community. The building is directly across the street from a planned Walmart Supercenter, ensuring high visibility and significant foot traffic. Its strategic location within the Legacy Ranch residential development provides a built-in customer base. Melissa boasts impressive population growth, increasing from 8,000 residents in 2015 to 25,201 in 2023, representing a remarkable 17.6% annual growth rate. This translates to a significant and under-served retail market, presenting a unique chance for businesses to capitalize on this expanding demographic. The property is classified as retail and restaurant space with multiple tenancy options. Lease rates are available upon request. This is an exceptional opportunity to establish a presence in a rapidly growing Texas market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,344,547
    Hospitality
    $2,147,592
    Educational
    $1,786,772
    Medical
    $1,848,222
    Retail
    $2,779,423
2401 Mckinney St, Melissa, Texas

Location Insight

City
Melissa
County
Collin
State
Texas
Latitude
33.2811
Longitude
-96.5772
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$31,173
$483,882
$1,006,118
$1,490,000
-
$483,882
$1,006,118
$1,490,000

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