1660 Fm 1897 Bells, TX 75414
Exceptional 123.814-acre development opportunity in Bells, Texas, Grayson County, located near Sherman, TX, at 1660 FM 1897, zip code 75414. This unzoned property presents a superior chance for both residential and commercial ventures. A pre-approved conceptual master plan streamlines the development process, offering significant connectivity to area schools and Interstate Highway 82. Utilities, including water and electricity, are already in place. The land boasts over half a mile of frontage on FM 1897 and enjoys convenient proximity to US 75 in Sherman (under 12 miles). The area thrives with major employers such as Texas Instruments (with a planned $30 million fabrication plant creating 3000 jobs), Tyson Foods, Finsar, Emerson, Royal Case, Kaiser Aluminum, and Sunny Delight. This location combines the benefits of country living with highly rated schools. A 90.882-acre portion is identified by Tax ID G-0065 BAILEY WINIFRED A-G0065. The asking price for this expansive property is $4,300,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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