Paragon Realtors Real Estate

650 S State Highway 5Fairview, TX 75069Price: $3,200,000

  • Price: $3,200,000
  • Est. Mortgage of $/month
  • 73 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 6.48% last updated on Jun 4, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $3,200,000List Price
  • 7.4Acreage

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Listed by Erin Clifford of Keller Williams Realty Allen (469-400-6882)
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.

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Property Details of 650 S State Highway 5

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Based on information submitted to North Texas Real Estate Information Services as of June 10, 2026 9:01 PM EDT. All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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