Current Use by Public Records
- Lifestyle centers
Property Details for 1417 And Ob Groner Rd
- Lot size
- 2.30 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional retail investment opportunity, Sherman Heights Center, presents three available sites totaling between 2.3 and 4.6 acres. Ideally situated at the northwest corner of FM 1417 and OB Groner Road in Denison, Grayson County, Texas (zip code 75020), this property boasts a highly desirable location. Each site is zoned for local retail use, perfectly suited for a multi-pad strip center development, including drive-thru capabilities and multi-tenant options. The land value is priced competitively at $17.50 per square foot. This strategic location offers unparalleled access to a burgeoning residential market. The property sits directly across from the new Sherman High School and benefits from its proximity to multiple single-family and multi-family developments. Further enhancing its appeal, the Sherman Heights development, a planned community of 200 LGI single-family homes, is slated to begin construction in Spring 2025, ensuring a significant increase in foot traffic and consumer base in the near future. This presents a rare chance to capitalize on a rapidly growing area with high potential for return on investment. The property's location and zoning make it an ideal site for a variety of retail businesses seeking to establish a presence in a thriving community. Don't miss this opportunity to secure a prime retail location in a rapidly expanding market.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Denison
- County
- Grayson
- State
- Texas
- Longitude
- -96.5997
- Latitude
- 33.7764
