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Property profile & analytics
OFF-MARKET
Land

56 Tbd Hwy Savoy, TX 75479

12 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 12 ac (522,720 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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