About 505 S Chestnut Street
he property is zoned BN . Business Neighborhood. , The lot is in a prime area with the redevelopment of the HWY 5 corridor in McKinney. The lot is 11,717 sq ft. Currently there is a 1552 sq ft home located on the lot, this has great potential for a rental property. The buyer can rent out this property until the property is developed to commercial.. This is a great opportunity to purchase an investment property on HWY 5. Just across the street, a Starbucks is being built. The new City Hall of McKinney is located just north of this location along with a Mixed use development. Just south of this location is a Strip retail center under construction. Schedule your tour today.
Status Change History
| Date | Details | Status |
|---|---|---|
| Jun 16, 2026 | Status Changed from Pending to Closed | Closed |
| Mar 24, 2026 | Status Changed from Active Under Contract to Pending | Pending |
Features of 505 S Chestnut Street
| MLS® # | 21203913 |
|---|---|
| Price | $400,000 |
| Acres | 0.27 |
| Year Built | 1915 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Status | Closed |
Community Information
| Address | 505 S Chestnut Street |
|---|---|
| Subdivision | Shorts Add |
| City | McKinney |
| County | Collin |
| State | Texas |
| Zip Code | 75069-5701 |
Amenities
| Utilities | Cable Available, City Sewer, City Water, Curbs, Electricity Connected, Individual Gas Meter, Individual Water Meter |
|---|---|
| Garages | Driveway |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Natural Gas |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
| Stories | 1 |
Exterior
| Roof | Composition |
|---|---|
| Construction | Frame, Wood |
| Foundation | Pillar/Post/Pier |
Additional Information
| Date Listed | March 10th, 2026 |
|---|---|
| Date Sold | June 15th, 2026 |
| Days on Market | 189 |
| Zoning | BN |
Listing Details
| Agent | Wesley Haile |
|---|---|
| Office | Russell Realty |
| Contact Info | 469-919-4567 |