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Listing provided courtesy of Keller Williams Realty Allen- MLS# 21223137MLS ProviderContact Information: Erin Clifford - 469-400-6882

650 S STATE HIGHWAY 5Fairview, TX 75069

Vacant Land · 7.40 Acres
$3,200,000 Active

650 S STATE HIGHWAY 5 Overview

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7.4± acre corner tract located at South State Highway 5 and Meandering Way in the heart of the Fairview–McKinney growth corridor. This highly visible site offers immediate access to US-75 and SH-121, placing it minutes from Historic Downtown McKinney, Fairview Town Center, major medical facilities, and regional retail anchors. Currently ag-exempt, the property presents a compelling buy-and-hold opportunity or a near-term development play. The site is zoned CPDD (Commercial Planned Development District) – Urban Transition Sub-District, a form-based code structured for urban-style development with specific architectural and design standards. This zoning framework supports a thoughtfully designed commercial or residential product aligned with Fairview’s long-term planning vision. Given its proximity to healthcare, churches, shopping, and established residential neighborhoods, the property is especially well-suited for an assisted living, memory care, or hybrid 55+ senior housing concept.

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650 S STATE HIGHWAY 5 Facts & Features

  • Type Vacant Land
  • Lot 7.40 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: McKinney ISD
  • Elementary School: Jesse Mcgowen
  • Middle Or Junior School: Faubion
  • High School: Mckinney

Business Information

  • Current Use: Agricultural

Location/Region

  • Country: US
  • County Or Parish: Collin
  • Postal City: MCKINNEY
  • Subdivision Name: ABS A0275 JOSEPH DIXON SURVEY, TRACT 15

Community/Development

  • Development Status: Zoned

General Information

  • Exclusions: N/A
  • Listing Terms: Cash,Conventional,Owner Will Carry
  • Parcel Number: 2843679
  • Property Sub Type: Unimproved Land
  • Property Type: Land
  • Senior Community: No

Interior

Exterior

Lot Information

  • Lot Features: Acreage,Corner Lot,Few Trees,City Lot
  • Lot Size Acres: 7.396
  • Lot Size Area: 7.396
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 322169.76
  • Lot Size Units: Acres
  • Water Source: Public

Waterfront/View

  • Waterfront: No

General Information

  • Road Frontage Type: City Street,State Road
  • Sewer: Public Sewer
  • Utilities: Electricity Connected,Sewer Available,Water Available

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

650 S STATE HIGHWAY 5 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

650 S STATE HIGHWAY 5 Market Data

Based on the last 30 days in this zip code

$688,897
Average List Price
$267
Average Price per Square Foot
30
Properties Sold
202
Average Days on Market
276
Properties for Sale
Calculations provided by Reliance Network


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