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Commercial Development Land Opportunity

E Canyon Grove Road Sherman, TX 75092

E Canyon Grove Road, Sherman, TX, 75092
$2,250,000
Pending
For Sale
$2,250,000
Pending

LAND - Sherman, TX

Lot Size18.56 Acres
Days on Market137

Property Features for E Canyon Grove Road

General Information

Property type
Land
Property subtype
Other
Standard status
Pending
APN
118649
Lot size
18.56 Acres

Taxes and HOA fees

Tax Description
G-0647 JENNINGS JOHN A-G0647, ACRES 16.3
Tax Annual Amount
15891

Utilities

Water source
Public
Listing Agency MainStreet Venture Partners, L
DENISON, TX
Listed by Ryan Clevenger · License #0781303
Added: Mar 3 Checked: Jul 18 at 8:06 am
MLS# 21046661 Listing URL

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 offering presents a ±18.56-acre two-parcel assemblage (17.662 acres and 0.895 acres) positioned for redevelopment in Sherman, Texas. The site benefits from excellent visibility and described utility access, with flexible zoning potential highlighted by the seller as a key advantage for a range of commercial concepts. It is also located within a federally designated Opportunity Zone, which may provide potential tax advantages for qualifying investors.

The property sits along North Travis Street and E Canyon Grove Rd in the Hwy 75 & 82 corridor, described as the area’s most active retail and growth hub. The site is directly adjacent to Walmart. Sherman Town Center is across the street, with major anchors including Target, Hobby Lobby, Home Depot, and Sam's Club, creating a strong retail draw for future tenants and customers.

With access to a retail-saturated environment and the ability to support multiple development directions, this land is presented as an attractive fit for mixed-use office condos, professional services uses, or retail development. The surrounding momentum is further supported by the seller’s reference to the planned Heritage Ranch master-planned community, a 439-acre project that contemplates commercial, entertainment, residential, park, and open space uses.

Key Highlights

  • +/-18.56‑acre two‑parcel assemblage: 17.662 acres and 0.895 acres in Sherman, TX
  • Located along North Travis Street and E Canyon Grove Rd
  • Public water source available

Property Analytics

Location Intelligence

Current Use by Public Records

Commercial land

FAQs

What type of property is this?
Commercial land - 18.56 acres along major corridors with adjacency to Walmart and prominent retail anchors, plus Opportunity Zone designation.
Where is this commercial land located?
The property is located at E Canyon Grove Road Sherman, TX.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: +/-18.56‑acre two‑parcel assemblage: 17.662 acres and 0.895 acres in Sherman, TX; Located along North Travis Street and E Canyon Grove Rd; Public water source available
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