27.74+/- Acre Investment Tract | Sherman ETJ
Land | 27.74 acres
Marketing description
Vanguard Real Estate Advisors has been exclusively retained by Ownership to offer qualified investors and developers the opportunity to purchase 27.74+/- acres located along FM 697 in the Sherman ETJ. Located approximately 2.5 miles east of U.S. Highway 75 and 1 mile east of Highway 11, the Site is well positioned to capitalize on the growth taking place in Grayson County. The Site is located within the Sherman ETJ and is not currently zoned. A variety of potential uses include: single-family, manufactured housing, self-storage, RV park, and more. The Site represents a unique opportunity to take part in the exponential growth currently taking place in Sherman.
To gain access to the marketing brochure and full Due Diligence Vault click on the link below:
27.74+/- Acres - Sherman ETJ - Due Diligence Vault
A 2.5% co-broker fee is available to a Broker that sources a Principal that VREA has not previously contacted or sent information to regarding this opportunity.
Investment highlights
Strategic Location
The Site is located approximately 2.5 miles east of U.S. Highway 75 which gives the Site convenient access to numerous commercial and employment resources.
According to the City of Sherman’s Future Thoroughfare Plan, FM 1417 will eventually connect with Leslie Lane just east of the Site which will create a full loop around the City of Sherman.
The Site is less than a mile east of State Highway 11 which connects the Site to downtown Sherman and FM 1417.
Zoning
The Site is located in the Sherman ETJ, just outside of the Sherman city limits.
The Site lends itself well to a variety of uses as there is no zoning in place.
Potential uses include single-family, manufactured housing, self-storage, RV park, and more.
Purchaser to verify zoning and uses allowed on the Site.
Population and Demographics
According to the US Census Bureau, the City of Sherman has a population of approximately 45,264 as of July 2022.
Sherman will be home to both the Texas Instruments and GlobiTech semiconductor chip facilities which total $35 billion in anticipated investments and will create up to approximately 4,500 new jobs in the area.
The Sherman-Denison MSA is the 23rd largest MSA in Texas with an estimated population of over 143,000 in 2022.
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