About 650 S State Highway 5
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.
Features of 650 S State Highway 5
| MLS® # | 21223137 |
|---|---|
| Price | $3,200,000 |
| Acres | 7.40 |
| Type | Land |
| Sub-Type | Unimproved Land |
| Status | Active |
Community Information
| Address | 650 S State Highway 5 |
|---|---|
| Subdivision | ABS A0275 JOSEPH DIXON SURVEY, TRACT 15 |
| City | Fairview |
| County | Collin |
| State | Texas |
| Zip Code | 75069 |
Amenities
| Utilities | City Sewer, City Water, Electricity Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Acreage, Corner Lot, Few Trees |
|---|
School Information
| District | McKinney ISD |
|---|---|
| Elementary | Jesse Mcgowen |
| Middle | Faubion |
| High | Mckinney |
Additional Information
| Zoning | CPDD |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Erin Clifford |
|---|---|
| Office | Keller Williams Realty Allen |
| Contact Info | 469-400-6882 |