UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 21381245
HOA Y/N None
Annual Tax Amount $23,438
Lot Size 68.642 Acres
Acres 68.642
Property Sub-Type Unimproved Land
Property Description
Rare 68.642-acre development opportunity in Sherman, Texas, positioned in one of North Texas' rapidly growing markets. This expansive tract offers an exceptional combination of size, location, frontage, and utility availability, making it an attractive opportunity for land developers, residential developers, multifamily investors, builders, investors, and future development projects.
The property features over 1,400 feet of frontage along Friendship Road and is located approximately one-third of a mile from Hwy 56 (Houston Street), providing convenient access to major transportation corridors including FM 1417, US Highway 75 and Highway 82. The property is situated within the Sherman city limits and is surrounded by existing residential development, creating an excellent setting for continued growth and potential future development.
One of the property's strongest advantages for developers is the availability of city water, city sewer, and electricity, along with asphalt road access. Having major utilities available in the area can significantly enhance the property's development potential and provide a major advantage over large acreage tracts requiring private wells, septic systems, or extensive utility extensions.
Potential uses including residential development, single-family development, multifamily development, subdivision, and general development. The property is currently vacant, offering a developer a blank canvas for future planning.
Located in Sherman ISD, the property benefits from its proximity to established neighborhoods and the continued expansion of the Sherman area. Its combination of 68+ acres, substantial road frontage, city utilities, strategic location, and surrounding development makes this a property worth serious consideration for investors seeking North Texas development land.
Location
State TX
County Grayson
Zoning R-1
Direction ** USE 100 Friendship Road, Sherman, TX as a gps reference point.***
Exterior
Utilities Available City Sewer, City Water, Electricity Available
Lot Frontage 1440.0
Garage No
Building
Lot Description Acreage, Few Trees
Schools
Elementary Schools Henry W Sory
Middle Schools Piner
High Schools Sherman
School District Sherman Isd
Others
Restrictions Building
Acceptable Financing 1031 Exchange, Cash, Conventional, Federal Land Bank, USDA Loan, Other
Listing Terms 1031 Exchange, Cash, Conventional, Federal Land Bank, USDA Loan, Other
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21381245
Nearby School & Business
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