Future Multifamily or Townhome Development
7400 Stacy Rd, McKinney, TX | 16.98 acres
Marketing description
This ±16.98-acre two-tract development opportunity at 7400 Stacy Road in McKinney, Texas offers exceptional flexibility for multifamily or townhome development in one of the DFW metroplex's fastest-growing corridors. The North Tract (±7.21 AC, zoned PD 1270) and South Tract (±9.77 AC, AG/Urban Living — allowing MF and BTR) are served by City of McKinney utilities and carry one of the most competitive tax rates in North Texas at just 1.66%. The site is zoned to Frisco ISD, rated No. 7 in Texas by Niche.com, with Comstock Elementary earning a perfect 10/10 rating. Surrounding demographics are exceptional — average household incomes reach $163,184 within 5 miles, median home values exceed $540,000 within 3 miles, and 5-year population growth projections range from 14–16% across the trade area.
The immediate development environment validates the opportunity on every level. Aura 3Twenty is actively delivering 630 multifamily units directly adjacent to the site, retail is under construction across the street, and major mixed-use projects including Craig Ranch (2,200 AC), The Farm (135 AC), and Monarch City (238 AC) surround the corridor. With less than 1.5 miles to the Sam Rayburn Tollway, 10 minutes to the heart of Frisco, and 30 minutes to DFW Airport, this site combines a prime location, proven absorption, and institutional-quality demographics into one of the most well-positioned development parcels available in the McKinney/Frisco submarket today.
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