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20407334
20392515

TX-56, Sherman, TX 75090

MetroTex Association of REALTORS, Inc.
Listed by MetroTex Association of REALTORS, Inc.
$6,500,000
604 days on market
Updated 73 days ago

314 Single Family lots (paper) lot’s for sale

Details
Property Type Land
Sub Type Residential
Lot Size (SqFt) 5,000 - 5,200
Zoning R-5-Single Family Residential District in ETJ

$20K /lot, Seller financing for qualified buyers! Up to 35% of purchase price at Fed Prime Rate!

Marketing description

About Sherman, Texas:

  • Sherman is home to Texas Instruments, with a new $30 billion fabrication plant coming next year that could support 3,000 direct jobs over time.

  • Conveniently located between US Hwy 75 & Texoma Pkwy.

  • Other employers in Sherman include Tyson Foods, GlobiTech, Finisar, Emerson, Royal Case, Kaiser Aluminum, and Sunny Delight

About paper lots, Sherman, Texas:

  • Exact location is in the Google pin https://maps.app.goo.gl/vPAFSHrSTxBjy6n66

  • Utilities – City water (pink water company Sherman) and City Sewer. Note that Sewer is combination of Onsite & Offsite solution, end to end implemented by Sewer solution company in accordance with TCEQ & City guidelines, we will hand-over the study, cost and introduce the company.

  • Multiple access road 1) Frontage 3-acre parcel in Hwy 56 2) Thru Private road Mitchell road 3) Bode Road private road 4) Buyer can also purchase a private access from another parcel, which connects hwy 56 & this property, estimated cost $400k to $600k, as required.

  • Property includes 7 acres of flood plain area, as long as we carve out that as green space and no development., no US army core or any special approvals required.

  • All the trees in the property is cut, hauled and property is fully cleaned and rough graded, It is mowed and well kept.

  • Status: Residential Zoned and it is not yet permitted, part of Sherman ETJ. Buyer will pay for the number of lots in City support letter and Buyer will be responsible for taking it to full entitlement, It is priced for Quick sale as paper lot.

  • If we lose some lot’s during Civil engineering stage, then Buyer can adjust that to the Seller note carry. Exact location is in the Google pin https://maps.app.goo.gl/vPAFSHrSTxBjy6n66

Investment highlights

  • Prime Development Land in Booming Grayson County, TX!

  • 15 Mints to the Texas Instruments Tech Corridor in Sherman!

  • Outside City Limits with Close Proximity to Highways and Lake Texoma!

  • Hwy 56 Frontage on the property!

  • Excellent parcel for affordable housing, Build to Rent, Build to Sale, etc.

  • Single Family Residential, 314+ lots with 40’ & 50’ mixed Lots. Lot sizes 50x100, 40x90

  • Similar homes are sold at price $400k to $500k in Sherman, Texas – Refer MLS comp’s.

Listing Contacts

MetroTex Association of REALTORS, Inc.
Listed by MetroTex Association of REALTORS, Inc.

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