PRICE REDUCED | 96 | 40' SF Paper Lots Sherman, TX
Land | 19.95 acres
Marketing description
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to present qualified builders and developers with the opportunity to purchase 96 engineered 40-foot paper lots (19.95+/- acres) located at 2615 Graystone Drive in Sherman, TX (“the Site”). The Site is centrally located within the Sherman-Denison MSA, less than 1.5 miles east of US Highway 75, less than a 10-minute drive to downtown Sherman, and less than 8 miles north of both the new GlobiTech and Texas Instruments facilities. This represents a great opportunity to acquire a fully engineered single family lot opportunity at a recently reduced price of $16,666 per paper lot, down from $18,500.
To gain access to the Due Diligence Vault click on the link below:
A 2.25% 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
Located a block East of Texoma Parkway, less than a mile and a half east of US 75, and less than a half mile north of Highway 82.
The Site is approximately 2.5 miles east of several retailers and restaurants such as Walmart, Sam’s Club, Target, Home Depot, Best Buy, Chick-fil-a, Lowe’s, and Academy Sports, amongst others.
Zoning
The Site is zoned R-4, “Patio Home District”, allowing for a minimum of 40’ lots with a minimum square footage of 4,000 square feet.
Per the Seller, all civil engineering is approved for 96 forty-foot wide lots.
To the best of our knowledge the Site is best suited for for-sale housing or a for-rent community.
Population and Demographics
Per the US Census Bureau, the population of Grayson County grew by 8.4% between 2020 and 2023.
Major multi-billion dollar developments in Grayson County include the new Texas Instruments and GlobiTech facilities as well as the planned Margaritaville Resort.
Per Texas Realtors, the average home price in Sherman is $297,680 as of September 2025, up 11.5% year-over-year.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
