Property Highlights
2.02-acre improved land parcel located at 7605 Virginia Pkwy, McKinney, TX 75071
Existing structure on-site formerly entitled for daycare use under PD 1621 with a Specific Use Permit (SUP)
Building layout, parking, and access points are well-suited for institutional or commercial adaptive reuse
Dual frontage along Virginia Parkway and Ballantrae Drive providing excellent visibility and convenient ingress/egress
Fully serviced urban infill location with all utilities in place — no known extension requirements
Minimal additional entitlement work required; original SUP site plans can be reused with minor modifications
Highest & Best Use
Daycare or childcare facility (previously entitled)
Montessori school or private educational facility
Private medical clinic or medical office
Church annex or faith-based institutional use
Other low-intensity, community-serving commercial uses
Location & Demographics
Situated in north McKinney within an established, family-dense residential corridor
Surrounded by residential subdivisions, faith institutions, and educational facilities
McKinney is one of the fastest-growing cities in Texas with an estimated 2026 population of approximately 242,000 — up over 22% since the 2020 census
Median household income in McKinney exceeds $120,000, reflecting a strong consumer base
Median age of approximately 36.9 years, indicating a high concentration of young families and working professionals
McKinney's 75071 zip code alone is forecasted to reach approximately 73,600+ residents, generating sustained demand for housing and services
Economic Drivers
McKinney ISD — major school district supporting residential demand
Medical City McKinney — significant healthcare employer and anchor institution
Raytheon Intelligence & Space — major defense and technology employer
Baylor Scott & White Medical Center — McKinney
Proximity to US-75 and SH-121 provides regional connectivity to the broader DFW Metroplex
Market Timing & Investment Commentary
Demand for smaller-scale institutional and commercial infill sites remains strong, especially in McKinney's family-dense residential zones
McKinney's continued northward expansion includes high-end residential development, infrastructure investments, and growing demand for services catering to young families
Daycare, education, and medical office users are actively seeking space in this corridor
Property's existing entitlements and location make it competitive for near-term occupancy or repositioning