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$3,622,500
Est. payment /mo
31.5 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Ranch
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20963697
HOA Y/N None
Year Built 1999
Annual Tax Amount $6,535
Lot Size 31.500 Acres
Acres 31.5
Property Sub-Type Ranch
Property Description
PRIME LOCATION!! PRINCETON-MCKINNEY-MELISSA NEAR THE PLANNED 380 BYPASS. RARE 36-ACRE DEVELOPMENT OPPORTUNITY IN THE HEART OF NORTH TEXAS' FASTEST-GROWING CORRIDOR. NOTE: Property being sold as 2 contiguous parcels totaling approximately 67.5 acres located at 4195 and 4196 CR 1001
JURISDICTION: All five parcels are in Princeton's ETJ. Unincorporated without zoning.
Schools: The northeast hay field falls within Melissa ISD. The remaining acreage is McKinney ISD.
WATER: North Collin SUD (formerly Altoga) provides service to all five parcels, with Melissa's water service area also covering the western portion.
SEWER: The property is within Princeton's sewer service area. Their moratorium ended last November, and they've since entered into agreements with several developers. NTMWD's new Sister Grove regional treatment facility also discharges into Stiff Creek, which runs through our property.
FLOODPLAIN: The approximately 18 acres are classified FEMA Zone A, meaning the area hasn't had a detailed flood study establishing elevations or a floodway. Both Collin County and Princeton have provisions allowing floodplain reclamation. There are also potential uses for detention and parkland requirements. Development code assigns floodplain land one-third the value of upland rather than treating it as unusable.
AIRPORT: Avelo is scheduled to begin service from McKinney National Airport on November 11.
Ideally located just minutes from Historic Downtown McKinney, McKinney National Airport, U.S. Highways 380 (this infrastructure investment will significantly enhance regional connectivity and future accessibility), 121, and Highway 5, this property offers outstanding accessibility while benefiting from the explosive growth occurring on both sides of its location. As McKinney continues expanding east and Princeton experiences record-setting residential and commercial growth, this corridor is quickly becoming one of the most desirable areas in Collin County
JURISDICTION: All five parcels are in Princeton's ETJ. Unincorporated without zoning.
Schools: The northeast hay field falls within Melissa ISD. The remaining acreage is McKinney ISD.
WATER: North Collin SUD (formerly Altoga) provides service to all five parcels, with Melissa's water service area also covering the western portion.
SEWER: The property is within Princeton's sewer service area. Their moratorium ended last November, and they've since entered into agreements with several developers. NTMWD's new Sister Grove regional treatment facility also discharges into Stiff Creek, which runs through our property.
FLOODPLAIN: The approximately 18 acres are classified FEMA Zone A, meaning the area hasn't had a detailed flood study establishing elevations or a floodway. Both Collin County and Princeton have provisions allowing floodplain reclamation. There are also potential uses for detention and parkland requirements. Development code assigns floodplain land one-third the value of upland rather than treating it as unusable.
AIRPORT: Avelo is scheduled to begin service from McKinney National Airport on November 11.
Ideally located just minutes from Historic Downtown McKinney, McKinney National Airport, U.S. Highways 380 (this infrastructure investment will significantly enhance regional connectivity and future accessibility), 121, and Highway 5, this property offers outstanding accessibility while benefiting from the explosive growth occurring on both sides of its location. As McKinney continues expanding east and Princeton experiences record-setting residential and commercial growth, this corridor is quickly becoming one of the most desirable areas in Collin County
Location
State TX
County Collin
Zoning Can be amended
Direction See GPA
Exterior
Utilities Available Aerobic Septic, All Weather Road, City Water, Electricity Available, Electricity Connected, Gravel/Rock, Individual Water Meter, Septic
Garage No
Building
Lot Description Acreage, Agricultural, Varied
Schools
Elementary Schools Walker
Middle Schools Johnson
High Schools Mckinney
School District Mckinney Isd
Others
Restrictions Deed
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Listed by Sylvia Cantu-Smith • Owens Realtors
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