5094 E Mckinney Street, Denton, Texas

Description

Price improved to $1,675,000. ±8.45 acres on E. McKinney St inside Denton city limits, with two zoning districts already in place: ±6.7 acres zoned R7 residential and an adjacent ±1.7 acres zoned MN mixed-use. One purchase puts the housing and the neighborhood-serving frontage under one owner, planned together from day one. Two zonings. One plan.

The R7 tract suits single-family, townhome, and duplex-style product, a fit for small-lot residential or build-to-rent. The MN parcel fronting E. McKinney suits neighborhood retail, medical and professional office, and live-work. Buyer to verify permitted uses, density, and all development requirements with the City of Denton.

Because the zoning is already in place, the next step is platting and site planning, not a rezoning case. The R7 tract includes an existing 3-bed, 3-bath home, 2-car garage, 6-car covered carport, and oversized barn, currently used as residential, so the property can stay in use while plans move forward. Utilities on the R7 tract: well, septic, electric, and gas. R7 tract is outside the 100-year floodplain.

Directly across from Billy Ryan High School, with access to Mayhill Rd, Loop 288, and I-35E. Offered as a single acquisition. Parcels also available individually.

Directions: from I-35 E. go toward exit 462 toward Mayhill Rd, onto S-I 35 E. Go for 1.0 mi. Turn right onto E. Mckinney St (FM426). Go for 0.4 mi, Turn right. Go for 0.2 mi. Destination is on the right. See GPS for different routes.