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    Us-82 Bonham, TX 75418

    For Sale
    $1,995,000

    58 Acres, Prime Location, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 57.9-acre property, situated on Highway 82 near Highway 121 in Bonham, Fannin County, Texas, presents a unique investment opportunity. Priced at $1,995,000, this land is currently unzoned, offering flexibility for diverse development projects. The property boasts significant highway frontage (1,054 feet) and is conveniently located near major retailers including Walmart, Tractor Supply, and several fast-food restaurants. Two ponds, one featuring a pier and stocked fish, enhance the property's appeal. Utilities, including a 12-inch waterline and an 8-inch sewer line, are readily accessible from Silo Road, the southern property line. The land is designated as clean agricultural exempt land and is located within an Opportunity Zone, providing potential tax advantages for investors. Its proximity to Bonham High School, Sherman (25 minutes away), and the Allen Premium Outlets (40 miles) further enhances its desirability. The area is experiencing growth, with new manufacturing facilities in Sherman creating numerous high-paying jobs and the anticipated opening of Bois d'Arc Lake for recreational use. The seller is willing to consider subdividing the land to accommodate various development plans, making this a versatile and attractive investment for agricultural, commercial, residential, or mixed-use projects. The property is not located in a flood zone.

    Property Features for 0 Us-82

    General Information

    Property type
    Farms
    Lot Size
    2,522,124 SF

    HighLights

    • Hwy 82 E frontage, 1/2 mile west of Hwy 121.
    • Located in an Opportunity Zone.
    • Near major retailers including Walmart, Tractor Supply, and fast‑food restaurants.
    • 25 minutes from Sherman, 40 miles from Allen Premium Outlets.
    • Proximity to new Sherman manufacturing facilities creating high‑paying jobs.
    • Near the soon‑to‑open Bois d'Arc Lake.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bonham
    County
    Fannin
    State
    Texas
    Longitude
    -96.21816668
    Latitude
    33.60397188

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    FAQs

    What type of property is this?
    Farm - 58 Acres, Prime Location, Development Ready
    Where is this farm located?
    The property is located at Us-82 Bonham, TX.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: Hwy 82 E frontage, 1/2 mile west of Hwy 121.; Located in an Opportunity Zone.; Near major retailers including Walmart, Tractor Supply, and fast-food restaurants.
    Request Owner's contact information
    Us-82 Bonham, TX 75418
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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
    Us-82 Bonham, TX 75418
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