650 S State Highway 5Fairview, TX 75069

Description

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.

Property Information

Property type

Land

Sub-type

Unimproved Land

Lot size

7.40 acres

Days on market

193

MLS^® Listing#

21223137

Property Features

Lot features

Corner Lot · Few Trees

Utilities

Electricity Connected

Sewer

Public Sewer

Water source

Public

Parcel number

2843679

Schools

Elementary

Jesse Mcgowen

Middle

Faubion

High

Mckinney

District

McKinney ISD

Directions

From 75 North, turn east onto Stacy Rd., Turn left (north) onto HWY 5 (Greenville), turn right (east) onto Meandering Way.