Current Use by Public Records
- Land
Property Details for 620 Graham Dr
- Lot size
- 6.99 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 6.988-acre commercial and industrial land parcel, located in rapidly growing Sherman, Texas, presents a unique investment opportunity. Situated at the northwest quadrant of US-75 & US-82, behind Sherman Town Center, this property benefits from its proximity to major retailers and anchors. A significant advantage is its location near a burgeoning technology sector, fueled by expansions from Texas Instruments, Globitech, and Apple. The site boasts frontage and access on Graham Drive, with potential for additional access via Sherman Town Center. Zoned C-1 Commercial, the land features a gentle slope, no flood plain designation, and readily available water and sewer utilities. While an active vertical oil well exists on the northern section (within a 200-foot no-structure buffer), approximately 5.2 acres of usable land remain. The property is priced at $800,000, with deed restrictions prohibiting mid or high-density uses, making it suitable for storage, flex space, or similar developments. A 340-unit apartment complex is currently under construction to the north, further enhancing the area's appeal. This is a rare opportunity to acquire land in a thriving market with significant growth potential. The land value is $2.63 per square foot.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sherman
- County
- Grayson
- State
- Texas
- Longitude
- -96.6121
- Latitude
- 33.6846
