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000 S Hwy 121 Hwy
Bonham, TX 75418
Land For Sale · 148.73 AC

Investment Highlights

  • Large contiguous tract in the path of growth south of Bonham.
  • Back side fronts a county road providing secondary access connecting to Hwy 121.
  • Front of the property faces State Highway 121 with high visibility and traffic.
  • Road frontage on three sides offering flexible development configurations.

Executive Summary

****LARGE CONTIGUOUS TRACT*** Located in path of North Texas growth *** Ideal for phased development or investment *** Flexible use: residential, commercial, land hold *** Ideal for phased development or investment *** Development Potential : Single-family residential, Manufactured housing, RV park, self-storage *** Lower cost basis vs Grayson County *** Strong upside as growth expands north from McKinney-Sherman *** Increasing demand for affordable housing in the region *** Opportunity to subdivide *** Road frontage on 3 sides *** Access from State Hwy 121 and State Hwy 56 *** Oncor and Fannin County Electric power lines running along and thru property *** Almost a mile long north and south and 2 thirds mile wide east and west *** Over half mile of county road frontage*** 300 feet of Hwy 121 frontage *** Southwest Fannin water on adjoining properties along Hwy 121 *** Two miles from the city limits of Bonham along Hwy 121 *** One and a quarter mile from the Bonham city limits from the north county road entry *** Fronts State highway 121 which runs south from Bonham to Hwy 75 and then becomes Sam Rayburn Tollway which continues to The DFW airport.... The portion of Hwy 121 that runs thru Fannin County is approved for 4 lane expansion. *** Within commuting distance to Sherman and McKinney *** Positioned in expanding North Texas corridor *** CONTACT LISTING AGENT MIKE SCHREIBER 903-227-6316 with any questions or for more information.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 148.73 AC
Zoning No Zoning - No Zoning

1 Lot Available

Lot

Price $2,650,000
Price Per AC $17,817.52
Lot Size 148.73 AC

148.73 acres with frontage on Hwy 121 and county road access. Multiple access points, mix of cleared and wooded land, and utility availability, ideal for commercial or development use.

Description

The property consists of approximately 148.73 acres located along State Highway 121 south of Bonham, Texas, in Fannin County. It has road frontage on three sides, including approximately 300 feet on Highway 121 and extended frontage along a county road connecting back to the highway. The tract is outside city limits and currently unzoned. It includes a combination of cleared and partially wooded terrain with varied topography. Utility access is available nearby through Oncor and Fannin County Electric, and Southwest Fannin Water lines are located along Highway 121. The site is situated about two miles from Bonham city limits and roughly one and a quarter miles from the northern county road entry. Highway 121 in this area is approved for future four-lane expansion and provides direct connection to Highway 75, which becomes Sam Rayburn Tollway extending toward the Dallas-Fort Worth region.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 82133
  • 75809
  • 75795
Land Assessment
$1,482,210
Improvements Assessment
$0
Total Assessment
$1,482,210
  • Listing ID: 40352021

  • Date on Market: 4/30/2026

  • Last Updated:

  • Address: 000 S Hwy 121 Hwy, Bonham, TX 75418

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