0 Spalding Rd Sherman, TX 75092

Prairie View Estates presents a remarkable opportunity to acquire approximately 213 acres of prime residential land ideally situated at the southeast corner of Spalding Road and Frog Pond Road in Sherman, Grayson County, Texas, zip code 75092. This expansive property boasts a convenient location, less than six miles east of Whitesboro and twelve miles west of Sherman, offering a tranquil setting while maintaining proximity to urban amenities. Its strategic position, just sixteen miles south of the Oklahoma border and six miles southwest of Lake Texoma, enhances its appeal. The property enjoys direct access to Spalding Road and is surrounded by other active development projects, signifying a thriving and expanding area. The site is zoned for residential development and currently has 139 platted lots available. Final entitlements are nearing completion. Supporting the development potential are strong average household incomes within a five-mile radius ($99,986 within 1 mile, $97,787 within 3 miles, and $93,677 within 5 miles). High traffic counts on nearby TX-289 (6,788 VPD) and US-82 (20,796 VPD) ensure excellent visibility and accessibility. Utilities are largely in place, with water capacity approved for future development, electricity and natural gas readily available. Septic systems will be required. A comprehensive due diligence package, including engineering reports, site plans, surveys, topography data, and water information, is included with the property. The asking price for this exceptional development opportunity is $7,466,200. The property is outside city limits. APN numbers are 120606, 120614, and 120559.