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5601 Virginia Parkway, McKinney, TX 75071
$4,100,000
5601 Virginia Parkway, McKinney, TX 75071View this property at 5601 Virginia Parkway, McKinney, TX 75071
5601 Virginia ParkwayMcKinneyTX75071
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Property Description
100% LEASED AT CLOSING WITH MASTER LEASE IN PLACE!!! 7.1% CAP! REMAX Associates is pleased to present The Virginia Center, a 11,116 SF office building in McKinney, TX. The Virginia Center consists of a 2 building multi-tenant office space situated on approximately 1.15 acres. Built in 2000, the Property features wood framed construction and an ample parking ratio of 4.45 per 1,000 SF. The building is currently occupied by 4 tenants, providing an excellent opportunity to add value through leasing the additional 2 units. Front units 1 and 1A are currently vacant and advertised as for lease for $20 a sqft plus $8 NNN. Owner will master lease the 2 units for 6 months. The Property is ideally-located just east of Ridge Rd, with quick access to HWY 380, US 75, and numerous nearby amenities.
Full Property Details
Full Property Details for 5601 Virginia Parkway
General
- Price: $4,100,000
- Taxes: $42,988
- Status: Active
- Type: Office
- MLS ID: 20272378
- Updated: 12/4/2023
- Added to Site: 425 day(s) ago
Business
- Business Type: Medical, Professional/Office
Interior
- Flooring: Carpet
Parking
- Parking Features: Parking Lot
Location
- County: Collin
- Subdivision: Joplin Acres
- Driving Directions: East on Virginia from Ridge. Property on the right.
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Brick, Stone Veneer
- Roof: Composition
- Stories/Levels: 1
- Square Feet: 11,187
- Sq. Ft. Source: Public Records
- Year Built: 2000
Lot Features
- Lot Size (Acres): 1.15
- Lot Size (Sq. Ft.): 50,094
- Lot Size Source: Public Records
- Zoning: Office / Medical
Financial Considerations
- Tax Amount: $42,988
- Tenant Pays: All Utilities, Common Area Maintenance, Insurance, Taxes
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Special Conditions: Standard
- Legal Description: JOPLIN ACRES (CMC), BLK A, LOT 3
- Inclusions: Land & Improvements
- Property ID: R419000A00301
- Block: A
- Lot Number: 3
Listed by RE/MAX Associates of Mansfield, Renee Hudson
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Schools
Schools serving 5601 Virginia Parkway
Rating | Name | Grades | Distance |
---|---|---|---|
300 Joplin Dr, McKinney, TX 75071 | K-5 | 0.2 mi | |
6100 Glen Oaks Dr, McKinney, TX 75072 | PK-5 | 0.7 mi | |
1753 N Ridge Rd, McKinney, TX 75071 | PK-5 | 1.2 mi | |
301 Ridge Rd, McKinney, TX 75070 | 6-8 | 0.3 mi | |
1351 N Hardin Blvd, McKinney, TX 75071 | 6-8 | 1.7 mi | |
6998 Eldorado Pkwy, McKinney, TX 75070 | 6-8 | 1.8 mi | |
600 N Lake Forest Dr, McKinney, TX 75071 | 9-12 | 0.8 mi | |
1400 Wilson Creek Pkwy, McKinney, TX 75069 | 9-12 | 3.5 mi | |
2550 Wilmeth Rd, McKinney, TX 75071 | 9-12 | 3.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5601 Virginia Parkway
Date
Details
Price
Change
Source
3/06/2023
Listed
$4,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5601 Virginia Parkway
Year
Property Taxes
Change
Tax Assessment
Change
2022
$42,988
—
$2,100,000
-2%
2022
$42,988
-11%
$2,145,073
-6%
2021
$48,517
-13%
$2,284,611
-9%
2020
$56,066
-1%
$2,506,173
—
2019
$56,643
-5%
$2,506,173
—
2018
$59,576
6%
$2,506,173
9%
2017
$55,942
5%
$2,300,000
7%
2016
$53,376
33%
$2,150,000
37%
2015
$40,175
4%
$1,569,376
5%
2014
$38,466
-5%
$1,496,756
-5%
2013
$40,503
—
$1,571,911
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5601 Virginia Parkway
5601 Virginia Parkway, McKinney, TX 75071 (MLS# 20272378) is a Office property. 5601 Virginia Parkway is currently listed for $4,100,000 and was received on March 06, 2023. Want to learn more about 5601 Virginia Parkway? Do you have questions about finding other Office real estate for sale in McKinney? You can browse all McKinney real estate or contact a Coldwell Banker agent to request more information.