Current Use by Public Records
- Land
Property Details for 0 Us Highway 82
- Lot size
- 15.57 lot acres
- Property type
- Land
Description
This exceptional 15.567-acre commercial land parcel in Sherman, Texas, presents a compelling investment opportunity. Zoned for up to 368 multi-family units, this property sits within an Opportunity Zone, offering significant tax advantages. Located near the intersection of US Highway 82 and US Highway 85 (North Sam Rayburn Freeway), it benefits from excellent visibility and accessibility. The site is adjacent to a 300-unit single-family development and additional commercial land, ensuring a thriving surrounding community. Utilities will be extended to the property's edge as part of the adjacent development, substantially reducing infrastructure costs for future construction. The asking price is $5,800,000, translating to a land value of $8.55 per square foot. The property's APN is 121088. This is a turnkey opportunity for developers seeking to capitalize on the strong demand for multi-family housing in a rapidly growing area. Buyers are responsible for verifying all dimensions, allowable lot use, and other information provided. Mineral rights are not included in the sale. The property is located in Grayson County, Texas, with a zip code of 75092.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Sherman
- County
- Grayson
- State
- Texas
- Longitude
- -96.7218
- Latitude
- 33.6709
