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Sherman, TX Development Opportunity
For Sale
$399,000

2517 S First Street, Sherman, TX 75090

LAND - Sherman, TX

Property SizeContact for details
Lot Size2.88 Acres
Days on Market79

Property Features for 2517 S First Street

General Information

Property type Land
Property subtype Other
Zoning description Residential
Subdivision THOMPSON ROBERT
Lot features Acreage, Cleared, Few Trees, City Lot
Elementary school Crutchfield
Middle school Piner
High school Sherman
Elementary school district Sherman ISD
Middle school district Sherman ISD
High school district Sherman ISD
Directions (to 2517 S. First St., Sherman, TX 75090): From US-75 in Sherman, take the Travis St Texoma Pkwy exit and head east. Continue onto Travis St, then turn right onto S. First St. Continue south-2517 S. First St. will be on your right.
Standard status Active
APN 166908
Lot size 2.88 Acres

Taxes and HOA fees

Tax Description G-1200 THOMPSON ROBERT A-G1200, ACRES 1.94
Tax Annual Amount 2753
Legal Description G-1200 THOMPSON ROBERT A-G1200, ACRES 1.94

Utilities

Sewer type Public Sewer
Water source Public
Listing Agency: PARAGON, REALTORS
Listed By: Jackson Fox · License #0802420
Added: Jun 6 Changed: Aug 1 Last Checked: Aug 23 at 9:06PM
MLS# 21140927

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 2.88-acre property in southeast Sherman, Texas, presents a development opportunity with city water and sewer availability, plus nearby electric. The property, comprising multiple parcels with frontage along South First Street, is suitable for residential infill or other city-approved development plans. The buyer is responsible for verifying the legal description, parcel boundaries, address assignment, intended use zoning, and utility taps with the City of Sherman and Grayson County Appraisal District. The assemblage includes three parcels: a 1.94-acre tract with approximately 299 feet of road frontage on First Street (Parcel ID 166908), a 0.56-acre tract (Parcel ID 166912) that expands frontage and usable area, and a 0.38-acre tract (Parcel ID 166906) to maximize site potential. The location offers convenient access to major streets, local amenities, and growing areas of Sherman. This property is positioned as a blank canvas for a new neighborhood or fresh vision.

Key Highlights

  • 2.88 Acres Total: Large development opportunity.
  • City Utilities Available: City water and sewer readily accessible.
  • Multiple Parcels: Offers flexibility for development layout with three separate tracts.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Restaurant (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

14
Businesses Nearby

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Land - 2.88 acres in Sherman, TX, ready for development.
Where is this land located?
The property is located at 2517 S First Street Sherman, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2.88 Acres Total: Large development opportunity.; City Utilities Available: City water and sewer readily accessible.; Multiple Parcels: Offers flexibility for development layout with three separate tracts.
More about this property
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