Residential Zoned Land in
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TX-56, Sherman, TX 75090
Residential zoned land in Sherman, Texas, priced for quick sale.
Property SizeContact for details
Days on Market676
Property Features for TX-56
General Information
Standard status
Active
Property subtype
Land
Zoning
R-5-Single Family Residential District in ETJ
Listing Agency:
MetroTex Association of REALTORS, Inc.
Listed By:
Abdul Jameel Abdur Rahman · License #0738887
Source:
Crexi
Added: Oct 18, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MetroTex Association of REALTORS, Inc.
Investment Insights
Based on property information with market context.
This residential zoned land is located in Sherman, Texas, conveniently situated between US Hwy 75 and Texoma Pkwy. The property benefits from city water provided by Pink Water Company Sherman and city sewer, which includes a combination of onsite and offsite solutions implemented by a sewer solution company in accordance with TCEQ and City guidelines. The study and cost details will be provided, and an introduction to the company will be facilitated. Access to the property is available through multiple roads, including frontage on a 3-acre parcel on Hwy 56, a private road via Mitchell Road, and a private road via Bode Road. Additionally, a private access from another parcel connecting Hwy 56 to the property can be purchased, with an estimated cost of $400,000 to $600,000. The property includes 7 acres of flood plain area, which can be designated as green space without requiring special approvals. All trees have been cut and hauled, and the property has been fully cleaned and rough graded. It is mowed and well-kept. The property is part of Sherman ETJ and is not yet permitted. The buyer will be responsible for the number of lots in the City support letter and for taking it to full entitlement. The property is priced for quick sale as a paper lot. Sherman is home to Texas Instruments, with a new $30 billion fabrication plant coming next year that could support 3,000 direct jobs. Other employers in Sherman include Tyson Foods, GlobiTech, Finisar, Emerson, Royal Case, Kaiser Aluminum, and Sunny Delight.
Key Highlights
- Strategic Location: Situated between US Hwy 75 & Texoma Pkwy, offering convenient access.
- Proximity to Major Employers: Located in Sherman, home to Texas Instruments (with a new $30 billion plant) and other significant employers like Tyson Foods and GlobiTech.
- Multiple Access Roads: Features frontage on Hwy 56 and access via Mitchell Road and Bode Road private roads.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Explore this area
Business Placement
Demographics for 75090, TX
25,002
Population
9,602
Households
2.6
Avg Household Size
35
Median Age
15%
College-Educated
84%
High-School Grad
78.5 sq mi
ZIP Area
318
Density / Sq Mi
$58,586
Median Household Income
$36,230
Median Earnings
$1,111
Median Rent
$163,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Residential zoned land in Sherman, Texas, priced for quick sale.
Where is this residential land & home lot located?
The property is located at TX-56 Sherman, TX.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Strategic Location: Situated between US Hwy 75 & Texoma Pkwy, offering convenient access.; Proximity to Major Employers: Located in Sherman, home to Texas Instruments (with a new $30 billion plant) and other significant employers like Tyson Foods and GlobiTech.; Multiple Access Roads: Features frontage on Hwy 56 and access via Mitchell Road and Bode Road private roads.
