Sherman TX Development Opportunity
For Sale
$2,999,000
E Peyton Street lot 15.125 Acres, Sherman, TX 75090
Land, Sherman, TX
Property SizeContact for details
Lot Size15.13 Acres
Days on Market79
Property Features for E Peyton Street lot 15.125 Acres
General Information
Property type
Land
Property subtype
Other
Zoning description
MF-30 Multifamily
Vegetation
Cleared, Grassed, Wooded, Brush
Subdivision
MCANAIR J B
Lot features
Acreage, Cleared, City Lot
Elementary school
Dillingham
Middle school
Sherman
High school
Sherman
Elementary school district
Sherman ISD
Middle school district
Sherman ISD
High school district
Sherman ISD
Directions
Use GPS, Request Pin Drop from Listing Agent
Standard status
Active
APN
156667
Lot size
15.13 Acres
Taxes and HOA fees
Tax Description
G-0763 MCANAIR J B, ACRES 7.25
Tax Annual Amount
6
Legal Description
G-0763 MCANAIR J B, ACRES 7.25
Utilities
Sewer type
Public Sewer
Water source
Public
Listing Agency:
Ready Real Estate LLC
(817) 569-8200
Listed By:
Brian Abadie · License #0750197
(866) 557-3239
Added: Jun 7
Changed: Aug 23
Last Checked: Aug 24 at 11:06AM
MLS# 20999758
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Investment Insights
Based on property information with market context.
This 15.125-acre development site in Sherman, TX, is located within an Opportunity Zone. Zoned MF-30, it is fully approved by the City for a 300-unit multifamily community. This shovel-ready property consists of four contiguous parcels with all utilities available. The site is suitable for high-density multifamily, build-to-rent (BTR), townhomes, or duplexes, and could also serve as an affordable housing site. The mostly flat topography features mature trees for privacy, and a narrow floodplain separates the site, making it suitable for blending multiple product types or developing a unified large-scale complex. Survey, Topo, Phase I Environmental reports, and a conceptual engineering MF and Townhome Site Plan are available. Located approximately a half mile from US-75 and US-82, the site offers access, visibility, and long-term growth potential. The property is Ag Exempt.
Key Highlights
- Shovel‑ready 15.125 acre development site fully approved for a 300‑unit multifamily community.
- Located within an Opportunity Zone in Sherman, TX.
- Zoned MF‑30 and ideal for high‑density multifamily, build‑to‑rent, townhomes, or duplexes.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
972
Businesses Nearby
Explore this area
Business Placement
Demographics for 75090, TX
25,002
Population
9,602
Households
2.6
Avg Household Size
35
Median Age
15%
College-Educated
84%
High-School Grad
78.5 sq mi
ZIP Area
318
Density / Sq Mi
$58,586
Median Household Income
$36,230
Median Earnings
$1,111
Median Rent
$163,500
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Land - 15.125 acre development site approved for 300-unit multifamily community.
Where is this land located?
The property is located at E Peyton Street lot 15.125 Acres Sherman, TX.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Shovel‑ready 15.125 acre development site fully approved for a 300‑unit multifamily community.; Located within an Opportunity Zone in Sherman, TX.; Zoned MF‑30 and ideal for high‑density multifamily, build‑to‑rent, townhomes, or duplexes.
