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    3791 Loy Lake Rd Denison, TX 75092

    For Sale
    Contact for pricing

    2.39 Acres, C-1 Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.39-acre commercial land parcel presents a remarkable investment opportunity in Sherman, Texas. Strategically located off heavily trafficked US Highway 75, this property enjoys unparalleled visibility and accessibility. The site is zoned C-1 Retail Business District, offering a wide range of development possibilities. Its proximity to the Sherman Town Center further enhances its desirability. All utilities are either on-site or readily available nearby, simplifying development plans. The area is experiencing significant growth, with over ten active single-family residential developments currently underway in the immediate trade area, indicating a robust and expanding market. Future development potential includes auto-related businesses and other urban commercial uses. This property's ideal location, combined with its zoning and the surrounding development activity, makes it an exceptional choice for investors seeking high-growth potential. The land is located at 3791 N Loy Lake Rd, Sherman, TX 75092, in Grayson County. The price per square foot for the land is $15. This is a rare opportunity to acquire a prime commercial site in a thriving Texas market.

    Property Features for 3791 Loy Lake Rd

    General Information

    Property type
    Land
    Lot Size
    104,108 SF

    HighLights

    • 2.39‑acre commercial land parcel in Sherman, TX, offering high‑growth potential.
    • C‑1 Retail Business District zoning allows for diverse development options.
    • Prime location on heavily trafficked US Highway 75 ensures excellent visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Skin Care Clinic Wine and Liquor Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Denison
    County
    Grayson
    State
    Texas
    Longitude
    -96.606807158399
    Latitude
    33.685001190185

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    FAQs

    What type of property is this?
    Land - 2.39 Acres, C-1 Zoning, High Traffic
    Where is this land located?
    The property is located at 3791 Loy Lake Rd Denison, TX.
    What are key features of this property?
    This property features: 2.39-acre commercial land parcel in Sherman, TX, offering high-growth potential.; C-1 Retail Business District zoning allows for diverse development options.; Prime location on heavily trafficked US Highway 75 ensures excellent visibility and accessibility.
    (214) 720-0004
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    3791 Loy Lake Rd Denison, TX 75092
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3791 Loy Lake Rd Denison, TX 75092
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