678 Co Rd 1235, Savoy, TX 75479

This property features approximately 64.575 acres of land located outside city limits in Savoy, Texas. The site offers potential for various uses such as an RV park, boat storage, or estate lots. It has approximately 770 feet of frontage on Highway 82. Water utilities are available via 3-inch and 4-inch lines; however, there is no sewer. A home is currently leased on the property. The land benefits from limited tax exposure due to an existing agricultural exemption. The location is approximately 59 miles north of Dallas, Texas, providing access to a workforce of over 550,000 within a 45-minute drive. Bonham, with a population of 24,000, is situated 8 miles east of the property. The recently opened Bois d’Arc Lake, spanning 16,641 acres, is expected to generate an estimated 2,400 new jobs. Sherman, Texas, is 11 miles away and has a population of 45,000. A Texas Instruments chip manufacturing facility is currently under construction there, representing a $30 billion expansion and the largest economic development project in Texas history, anticipated to create approximately 3,200 jobs. Additionally, Globitech’s $5 billion expansion is underway in Sherman, projected to produce an estimated 1,500 employees. Hard Rock Hotel and Margaritaville Resorts have recently announced positions on Lake Texoma, approximately 35 miles north.