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650 S State Highway 5, 
Fairview, TX 75069

$3,200,000

—

Bed

—

Bath

-

Sq Ft

7.40

Acres (Lot)

Land

Virtual Tour

Active

Listed by

Erin Clifford

, 

Courtney Peugh

Keller Williams Realty Allen

Last updated:

May 15, 2026, 11:55 AM

MLS#

21223137

Source:

GDAR

About This Land

650 S State Highway 5

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.

Land Facts

Description/Design:

Land

Lot Size (Acres)

7.40

MLS #:

21223137

Last Updated:

May 15, 2026, 11:55 AM

Added:

1 month(s) ago

Finances & Disclosures

Finances

Price:

$3,200,000

MLS Logo
Information provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated May 15, 2026 Listings with the NTREIS logo are listed by brokerages other than Coldwell Banker Benton Realtors.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.