1417 And Ob Groner Rd Denison, TX 75020

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.

Location Insight

City

Denison

County

Grayson

State

Texas

Longitude

-96.5997

Latitude

33.7764