Commercial Corner Development
For Sale
$18,900,000
151 Acres PRESTON Road, Sherman, TX 75092
Land, Sherman, TX
Property SizeContact for details
Lot Size151.17 Acres
Days on Market92
Property Features for 151 Acres PRESTON Road
General Information
Property type
Land
Property subtype
Other
Zoning description
Not Zoned
Lot features
Acreage
Elementary school
S And S
Middle school
S And S
High school
S And S
Elementary school district
S and S Cons ISD
Middle school district
S and S Cons ISD
High school district
S and S Cons ISD
Directions
Go PRESTON RD ( 289 ) north ,pass HWY 56 ,pass ELLIOT RD , 151 ACRE will be on right side on PRESTON RD.over 2500 FT FRONTAGE on PRESTON ROAD .
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
Legal Description
G-0348 DEAVER JOHN A-G0348, ACRES 151.173
Listing Agency:
Sonya Realty, LLC
(972) 948-9200
Listed By:
Sonya Rafie · License #0330549
(678) 477-8995
Added: Jun 5
Changed: Aug 26
Last Checked: Sep 4 at 3:06PM
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
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 75092, TX
27,186
Population
13,117
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
94%
High-School Grad
113.9 sq mi
ZIP Area
239
Density / Sq Mi
$67,160
Median Household Income
$41,683
Median Earnings
$1,205
Median Rent
$260,100
Median Home Value
Questions? Ask Rey
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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
