PRICE REDUCED - 93.87+/- Acre Tract | Ravenna, TX
Land | 93.87 acres
Marketing description
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer the opportunity to purchase 93.87+/- acres (the “Site”) located along E Maple Street (FM-1753) in Ravenna, TX. Seller financing is available to qualified Buyers; call for details. This Site offers direct frontage (1,000 feet) on FM-1753 (E Maple Street), Ravenna’s main east west thoroughfare. The Site is 4.5 miles north of Highway 82, an important east-west route that runs from Lubbock to Texarkana, and is less than 3 miles west of Highway 78, a primary north-south thoroughfare serving greater Fannin County.
With no known zoning restrictions in place, the Site boasts a wide range of potential uses. Located in one of Texas’ fastest-growing counties, this is a solid opportunity for developers or investors looking for well-located land in the path of growth.
This offering is exceptionally priced at an asking price of only $1,975,000, which is $275,000 less than the Site’s appraised value per a recent appraisal done by CBRE in November 2024.
To gain access to the Due Diligence Vault click on the link below:
Due Diligence Vault - 93.87+/- Acres Ravenna
A 2.5% co-broker fee is available to a Broker that sources a Principal that VREA has not previously contacted in any format or sent information to regarding this opportunity; a third party broker must register their client upon initial contact with VREA.
Investment highlights
Strategic Location
The Site is well located along East Maple Street and is less than half a mile east of FM-274, a major north-south throughfare running through Fannin County.
The Site is located within Bonham ISD which serves a total student body of 1,900 and has a B rating according to Niche.com
The Site is 6 miles northwest of Bonham High School and less than 7 miles northwest of both Rather Junior High School and Evans Elementary School.
Zoning
The Site is located within Fannin County and is not zoned, allowing for a variety of potential uses.
Potential uses include, but are not limited to; single family, manufactured housing, RV park, flex industrial, and recreational uses.
Purchaser to do their own due diligence related to zoning and uses allowed on the Site.
Population and Demographics
Fannin County spans approximately 400 miles and is home to the Bois d’Arc Lake allowing for a variety of recreational activities.
According to the 2024 U.S. Census Bureau, the population of Fannin County was 38,650.
The City of Sherman located 30 miles west of the Site will be home to both the Texas Instruments and GlobiTech semiconductor chip facilities which total $35 billion in anticipated investments and will create approximately 4,500 new jobs.
Fannin County is a part of the Bonham micropolitan statistical area and the Dallas-Fort Worth Metropolitan combined statistical area.
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