56 Tbd Hwy Savoy, TX 75479
- Land
- 12.00 lot acres
Current Use by Public Records
- Land
Property Details for 56 Tbd Hwy
- Lot size
- 12.00 lot acres
- Property type
- Land
Description
This exceptional 12-acre commercial land parcel presents a remarkable investment opportunity in Sherman, Texas. Located on TBD W Hwy 56, this un-zoned property boasts convenient access to both Hwy 56 and CR 4015, offering unparalleled visibility and connectivity. The property features a pre-existing private rock driveway bisecting the land, providing convenient access from multiple points. Currently benefiting from an agricultural exemption resulting in lower taxes, the land has been utilized for hay production and a small nursery. Water access is readily available on CR 4015, with an existing water meter in place. Electricity is conveniently located at both ends of the property, and extending water service to the Hwy 56 side would require only a short line extension. The property's expansive size and strategic location make it ideal for a variety of commercial ventures, from residential development to establishing a business with high visibility. With its existing infrastructure and potential for diverse uses, this 12-acre tract represents a compelling investment opportunity in a rapidly growing area. The APN is 140205 and the asking price is $510,000. The property is situated in Fannin County, Texas, zip code 75479.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Savoy
- County
- Fannin
- State
- Texas
- Longitude
- -96.3274
- Latitude
- 33.5882
