63.86+/- Acre Development Opportunity | Grayson County
Land | 63.86 acres
Marketing description
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer investors and developers the opportunity to purchase 63.86+/- acres (the “Site”) located at 3243 Harrell Road in Howe, TX. The Site is located just 1.75 miles east of Highway 75 and 1.25 miles west of State Highway 11, two major north-south thoroughfares in Grayson County.
The Site was previously located in the Sherman ETJ; however, per Ownership, the Site was recently deannexed from the ETJ and is now only governed by Grayson County. This offers flexibility for future development as the Site is less than a mile from the Sherman city limits. The Seller had an engineer put together multiple concept plans ranging from 2+ acre lots, one acre lots, and an RV park, with the highest density concept plan consisting of 67 half-acre lots. Ownership would consider Seller Financing with a 50% down payment with a qualified buyer, call to discuss in more detail.
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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 two miles due east of the Texas Instruments and Globitech plants which gives the Site convenient access to a robust current and future employment base.
Proximity to US-75 is extremely attractive to those commuting to either the Sherman-Denison MSA or DFW.
The Site benefits from approximately 1,200 feet of frontage along Harrell Road.
Zoning
The Site lends itself to a variety of uses as there is no zoning in place.
Potential uses include single family, manufactured housing, self storage, a high end RV park and more.
The Seller had an engineer complete multiple concept plans ranging from 2+ acre lots, one acre lots, and an RV park, with the highest density concept plan consisting of 67 half-acre lots.
The Site benefits from the beautiful natural landscape of the area inclusive of open meadows, rolling hills, a pond, and mature trees.
Purchaser to verify zoning and uses allowed on the Site.
Population and Demographics
City of Sherman has a population of approximately 50,229 as of July 2024, an increase of 24.6 percent in the last ten years.
Texas Instruments and GlobiTech semiconductor chip facilities total $48 billion in anticipated investments and will create up to approximately 4,500 new jobs in the area.
The Sherman-Denison MSA is an estimated population of over 150,532 in 2024, a 10.6 percent increase since 2020.
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