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5051 Loy Lk Rd Terrell Rd Sherman, TX 75090

For Sale
$5,200,000

Unimproved Land - Sherman, TX

Type:Unimproved Land
Lot size:
40.00 Acres
Days on Market:
653
Last Refresh:
Dec 12 at 4:06 am

Property Features for 5051 Loy Lk Rd Terrell Rd

General Information

Property type
Land
Property subtype
Unimproved Land
Standard status
Active
APN
259492
Exterior features
Fence
Fencing
Fenced
Lot size
40.00 Acres

Building Details

Architectural style
Other

Beam Real Estate LLC (972) 484-6644 [email protected]

Listing agent Jaya Bathina (972) 484-6644 License #0784787

Listing date Feb 29, 2024

MLS# 20252884 Listing URL

Copyright © 2025 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.


Overview

Sherman, TX Unimproved Land Opportunity

This 40-acre parcel of unimproved land in Sherman, TX, presents an excellent development opportunity. Situated less than 0.5 miles from HWY 75 and 1.4 miles from Texoma Medical Center, the property is located within the Sherman city limits and in an opportunity zone. The land is currently ag exempt and used to grow Bermuda hay. Zoned SF-1, the property allows for a minimum lot size of 6000 square feet, with the potential for development into one-acre lots. The terrain features a rolling landscape with a pond and creek running through scattered woods, offering views from the hilltop. A new survey less than one year old is available, and an ESA phase 1 assessment is complete. The property is not located in a flood plain. Buyers will be responsible for rollback taxes if the current agricultural use is changed and should independently confirm the availability of sewage and water utilities at the site.
Location Intelligence

Current Use by Public Records

Opportunity zone commercial ...

Map

City
Sherman
County
Grayson
State
Texas
Longitude
-96.60250288
Latitude
33.70117011

FAQs

What type of property is this?
Land - 40 acres of land near HWY 75 in Sherman, TX.
Where is this land located?
The property is located at 5051 Loy Lk Rd Terrell Rd Sherman, TX.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: - Excellent development opportunity within Sherman city limits and in an opportunity zone.; - Zoned SF-1 with potential for 6,000 sq ft minimum lot sizes or one-acre lots.; - Less than 0.5 miles from HWY 75 and 1.4 miles from Texoma Medical Center.
More about this property
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