15225 Tx-56 Sherman, TX 75092
This exceptional 10-acre property boasts a highly visible corner location at the northwest intersection of Highway 56 and Friendship Road, conveniently situated just west of FM-1417/Heritage Parkway in Sherman, Texas, zip code 75092. The site benefits from a hard corner, signalized intersection, ensuring high traffic visibility and accessibility. Existing infrastructure includes a 12-inch water line directly to the property, with sewer lines conveniently located just to the east. This versatile land is zoned for agricultural use, offering significant development potential. Its strategic location provides unparalleled proximity to major employers, including Texas Instruments, whose new $30 billion fabrication plant is slated to create 3,000 direct jobs. Other significant businesses in the vicinity include Tyson Foods, GlobiTech, Finisar, Emerson, Royal Case, Kaiser Aluminum, and Sunny Delight, creating a robust and growing employment base. This presents a unique opportunity for investors and developers seeking a prime location with excellent infrastructure and strong economic drivers. Contact for pricing and further details.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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