Commercial Corner Development
151 Acres PRESTON Road Sherman, TX 75092
For Sale
$18,900,000
LAND - Sherman, TX
Lot Size151.17 Acres
Days on Market101
Property Features for 151 Acres PRESTON Road
General Information
Property type
Land
Property subtype
Other
Standard status
Active
APN
122899
Lot size
151.17 Acres
Taxes and HOA fees
Tax Description
G-0348 DEAVER JOHN A-G0348, ACRES 151.173
Tax Annual Amount
157
Listing Agency:
Sonya Realty, LLC
(972) 948-9200
Listed By:
Sonya Rafie · License #0330549
(972) 948-9200
Added: Apr 21
Changed: Jun 5
Last Checked: Jul 30 at 8:06AM
MLS# 21141965
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering is a 151-acre corner-lot property positioned for development, with survey materials available in the transaction desk. The site’s primary improvements are its overall land configuration and substantial road frontage along two sides. Public remarks also note that the south-east corner may have a small amount of flood, which should be reviewed as part of due diligence.
The property sits on the corner of Preston Road and Elliott Road, with approximately 2,500+ feet of frontage on Preston and 2,500+ feet of frontage on Elliott. The asset is presented as “great commercial” with residential property potential, giving it practical appeal for buyers evaluating mixed-use or land-driven development plans.
From a tenant or buyer perspective, the scale and corner positioning make this land well-suited for a variety of site layouts where visibility and access from two roads matter. Because the listing emphasizes both commercial and residential potential, it may fit investors and developers looking for flexible acreage to reimagine for future uses, subject to local approvals. Consider confirming flood conditions and reviewing the provided survey before moving forward.
The property sits on the corner of Preston Road and Elliott Road, with approximately 2,500+ feet of frontage on Preston and 2,500+ feet of frontage on Elliott. The asset is presented as “great commercial” with residential property potential, giving it practical appeal for buyers evaluating mixed-use or land-driven development plans.
From a tenant or buyer perspective, the scale and corner positioning make this land well-suited for a variety of site layouts where visibility and access from two roads matter. Because the listing emphasizes both commercial and residential potential, it may fit investors and developers looking for flexible acreage to reimagine for future uses, subject to local approvals. Consider confirming flood conditions and reviewing the provided survey before moving forward.
Key Highlights
- 151‑acre property on a corner lot of Preston Rd and Elliot Rd
- 2500+ ft frontage on Preston Rd
- 2500+ ft frontage on Elliot Rd
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial land - Large corner-lot acreage with frontage on two roads, offering strong development flexibility for commercial and residential use.
Where is this commercial land located?
The property is located at 151 Acres PRESTON Road Sherman, TX.
What is the asking price?
The asking price for this property is $18,900,000.
What are key features of this property?
This property features: 151‑acre property on a corner lot of Preston Rd and Elliot Rd; 2500+ ft frontage on Preston Rd; 2500+ ft frontage on Elliot Rd
