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    Neq - Hwy. 289 & Elliott Rd Sherman, TX 75092

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    293 Acres, ETJ Zoning, High-Growth Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 293.96-acre commercial land parcel is strategically located in Grayson County, Texas, near the intersection of Hwy. 289 and Elliott Rd in Knollwood, with a permitted ETJ zoning designation. This presents a unique investment opportunity fueled by significant recent economic development in the Sherman area. Texas Instruments is constructing a new $30 billion manufacturing plant, creating thousands of jobs, and Globitech Semiconductor is expanding, adding another 1,500 jobs with a new state-of-the-art silicon wafer factory. These projects represent billions of dollars in investment and will significantly impact the local economy, creating a robust demand for commercial properties. The construction of these facilities, anticipated to be operational as early as 2025, positions this land for substantial future appreciation. The site's proximity to major transportation routes ensures excellent accessibility and connectivity. Given the current economic climate and the influx of high-tech manufacturing, this property offers a compelling opportunity for developers and investors seeking exposure to a rapidly growing market. The property's size and zoning provide considerable flexibility for a wide range of commercial developments, catering to the needs of the expanding semiconductor industry and the broader community. This is a rare chance to acquire a large tract of land in a region experiencing unprecedented growth. The zip code for this property is 75092.

    Property Features for 0 Neq - Hwy. 289 & Elliott Rd

    General Information

    Property type
    Land
    Lot Size
    12,804,898 SF

    HighLights

    • 293.96‑acre commercial land parcel in Grayson County, Texas.
    • Located near the intersection of Hwy. 289 and Elliott Rd, Knollwood, TX 75092.
    • Zoned ETJ.
    • Significant investment opportunity driven by Texas Instruments' $30 billion manufacturing plant and Globitech Semiconductor's expansion, creating thousands of jobs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sherman
    County
    Grayson
    State
    Texas
    Longitude
    -96.6979483
    Latitude
    33.6274246

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    FAQs

    What type of property is this?
    Land - 293 Acres, ETJ Zoning, High-Growth Area
    Where is this land located?
    The property is located at Neq - Hwy. 289 & Elliott Rd Sherman, TX.
    What are key features of this property?
    This property features: 293.96-acre commercial land parcel in Grayson County, Texas.; Located near the intersection of Hwy. 289 and Elliott Rd, Knollwood, TX 75092.; Zoned ETJ.
    (972) 948-9200
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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.

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

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    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
    Neq - Hwy. 289 & Elliott Rd Sherman, TX 75092
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