3398 Hickory St Sherman, TX 75092
This exceptional 4.541-acre commercial land parcel presents a unique investment opportunity in the thriving Sherman, Texas market. Currently zoned for agricultural use, a proposal for retail/commercial zoning is in place, unlocking significant development potential. Strategically located at 3398 N Hickory Street in Knollwood, Grayson County, zip code 75092 (APN 121088), this property enjoys high visibility and accessibility due to its adjacency to a recently completed 300-unit single-family residential development and a planned multifamily project. This prime location ensures high traffic counts and strong potential for attracting customers. The asking price is $2,175,000, translating to approximately $11 per acre. The property's proximity to established residential communities creates a built-in customer base for any commercial venture. Buyers are responsible for verifying all dimensions, allowable lot use, and all MLS information, including dimensions, square footage, schools, zoning, utilities, etc. Mineral rights are not included in the sale. This is an exceptional opportunity to capitalize on the rapid growth in this area and establish a successful commercial enterprise. Don't miss this chance to secure a prime location in a booming market.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.