Property Listing No Longer Available for Sale

4021 Custer Road, Mckinney, TX

Land for Sale - $18,208,080 - 38 acres


Property Info

CIMLS#930345
Location
  4021 Custer Road
  Mckinney TX 75070
UpdatedOctober 22nd, 2017
TypeLand
Price$18,208,080
Land38 acres

Property Description

The approximate 38 acres are Planned Development (PD) and consist of two tracts. Specific zoning and property details are bulleted below:

Property -

- Gross - 38.062 acres

- Net - 28.45 acres

Tract - 1

- The front 18 acres are zoned Neighborhood Business (BN).

- We foresee it being developed as Multi-Family with Retail Pad Sites on the road frontage. It has been approved for 18 units per acre of MF.

Tract - 2

- The back 18 acres are currently zoned Neighborhood Office (O-1).

Location Description:

Located on major thoroughfare, Custer Road, in the vastly-growing city of McKinney, Texas. Approx 3 miles North of Sam Rayburn Tollway, less than a mile away from high-volume traffic thoroughfare, Stonebridge Drive. Adjoining lot has over 1,400 linear feet of frontage; 2-3 acres of this frontage will be carved out for this lot's own frontage and use. - Custer Road is a major North/South arterial carrying traffic continuously from Western McKinney and Eastern Frisco to Allen, Plano and Richardson to the South. Custer is currently being widened and is designated as an ultimate six-lane principal arterial with 130 feet of ROW. Traffic projections show Custer carrying a significant amount of traffic attributable to the new growth planned for Western McKinney. - Stonebridge Drive is a four-lane arterial North of US 380, anticipated growth will produce demand for Stonebridge to be six-lane major arterial. - SH 121 (Sam Rayburn Tollway) in Collin and Denton Counties is a 6-lane toll road which passes through cities of McKinney, Allen, Plano, Frisco, The Colony, Carrollton, Lewisville, & Coppell.

Highlights:

>> - McKinney is one of the fastest growing cities in America. Frisco and Plano are neighboring cities.

>> - Over 300 housing starts per month in Collin County.

>> - Raw land with almost 30 usable acres and two tracts is already approved for Multi-Family usage and retail pad sites.

>> - Located just three miles north of State Highway 121.

>> - Located on Major Thoroughfare of Custer Road which is currently being expanded to six lanes.

>> - Nearest intersection is another major thoroughfare, Stonebridge, which is expected to be expanded to six lanes, soon, as it is foreseen to handle immense traffic from US 380.

>> - Tract 1 is 18 Acres is zoned BN (neighborhood business) and will be ideal for retail pad-sites on the frontage and foreseen to be developed as Multi-Family (18 units per acre).

>> - Tract 2 is 18 Acres zoned O-1 (Neighborhood Office) and would be ideal for

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Financials