Sherman TX Development Opportunity
E Peyton Street Sherman, TX 75090
E Peyton Street, Sherman, TX, 75090
$2,999,000
For Sale
$2,999,000
LAND - Sherman, TX
Lot Size15.13 Acres
Days on Market45
Property Features for E Peyton Street
General Information
- Property type
- Land
- Property subtype
- Other
- Vegetation
- Brush, Grassed, Cleared, Wooded
- Standard status
- Active
- APN
- 156667
- Lot size
- 15.13 Acres
Taxes and HOA fees
- Tax Description
- G-0763 MCANAIR J B, ACRES 7.25
- Tax Annual Amount
- 6
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Listing agency
Ready Real Estate LLC
(817) 569-8200
Listed by
Brian Abadie · License #0750197
(866) 557-3239
Added: Jun 7 Updated: Jun 13 at 11:53PM Checked: Jul 21 at 7:06PM
MLS# 20999758
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Investment Insights
Based on property information with market context.
This 15.125-acre development site in Sherman, TX, is located within an Opportunity Zone. Zoned MF-30, it is fully approved by the City for a 300-unit multifamily community. This shovel-ready property consists of four contiguous parcels with all utilities available. The site is suitable for high-density multifamily, build-to-rent (BTR), townhomes, or duplexes, and could also serve as an affordable housing site. The mostly flat topography features mature trees for privacy, and a narrow floodplain separates the site, making it suitable for blending multiple product types or developing a unified large-scale complex. Survey, Topo, Phase I Environmental reports, and a conceptual engineering MF and Townhome Site Plan are available. Located approximately a half mile from US-75 and US-82, the site offers access, visibility, and long-term growth potential. The property is Ag Exempt.
Key Highlights
- Shovel‑ready 15.125 acre development site fully approved for a 300‑unit multifamily community.
- Located within an Opportunity Zone in Sherman, TX.
- Zoned MF‑30 and ideal for high‑density multifamily, build‑to‑rent, townhomes, or duplexes.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential land & home ...
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FAQs
What type of property is this?
Land - 15.125 acre development site approved for 300-unit multifamily community.
Where is this land located?
The property is located at E Peyton Street Sherman, TX.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Shovel‑ready 15.125 acre development site fully approved for a 300‑unit multifamily community.; Located within an Opportunity Zone in Sherman, TX.; Zoned MF‑30 and ideal for high‑density multifamily, build‑to‑rent, townhomes, or duplexes.
