2 Locations For Sale

This 0.327-acre corner assemblage sits at the signalized intersection of State Highway 5 (McKinney Street) and Fannin Street in the heart of Melissa's Downtown Overlay District, offering dual street frontage with over 230 combined linear feet of exposure along two public rights-of-way. A 20-foot alley along the northern boundary provides secondary rear access, ideal for parking, service entry, or drive-through configuration — a rare functional advantage for retail or office conversion in the Old Town core. Positioned just steps from Red River Street, the site's corner configuration and post-widening SH 5 frontage deliver the kind of visibility and access developers look for when evaluating adaptive reuse or ground-up redevelopment in a rapidly appreciating corridor.

Situated within the City of Melissa's Downtown Overlay District (District 46) and confirmed to fall within the CMU sub-area, this Old Town property carries a permitted-use entitlement rather than a rezoning gamble, placing it at the center of one of Collin County's fastest-growing corridors. The immediate trade area's population is climbing 4.65% annually, with the broader 10-minute ring growing even faster at 5.44%, while median household income already exceeds $158,000 and is projected to top $180,000 by 2031. Dining and retail spending indices run more than 60% above the national average, supported by nearly 5,000 daytime workers and residents, a highly educated workforce with over a third holding bachelor's degrees or higher, and labor force participation above 97% with unemployment as low as 2.1%. Visibility and access continue to strengthen along SH 121, where traffic volumes have nearly doubled since 2018 and remain on an upward trajectory, and the corridor's long-term growth story is further bolstered by the November 2026 launch of commercial air service at McKinney National Airport (TKI/DTX). Together, these fundamentals position the site squarely within the City's "Old Town" future land use vision for mixed residential, office, and retail character, offering developers a rare combination of confirmed entitlement, demographic momentum, and rising regional connectivity.