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123 Fm 902 60.4 Acres of Agricultural Land in Howe, TX 75459

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Executive Summary

60.4± acres on FM 902 in Howe, TX offering a rare development and land-hold opportunity with current AG exemption in place, providing meaningful tax advantages for investors. This strategically located tract sits just half a mile from US-75 and is directly influenced by the massive regional economic expansion driven by Texas Instruments’ multibillion-dollar semiconductor campus in Sherman, GlobalWafers, and related tech, manufacturing, and infrastructure investment reshaping Southwest Sherman and Grayson County. The property features extensive FM 902 frontage plus over 1,000 feet of frontage on Smith Road, providing strong access, visibility, and connectivity to nearby and emerging residential developments including Timbercreek, Noble Ridge, and Summit Hill. With accelerating rooftops, job growth, and commercial demand moving north, this site represents a rare opportunity for future residential, mixed-use, or strategic land banking within one of the fastest-growing micro-markets in North Texas.

Property Facts

Sale Type Investment or Owner User
Sale Conditions
1031 Exchange
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Agricultural
Proposed Use
Commercial
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Auto Dealership
  • Carwash
  • Hold For Development
  • Hold For Investment
  • Planned Unit Development
  • Self Storage
  • Single Family Development
  • Storefront
  • Strip Center
  • Supermarket
  • Unknown
  • Warehouse
  • Agricultural
  • Pasture Ranch
  • Single Family Residence
Total Lot Size 60.40 AC

1 Lot Available

Lot

Lot Size 60.40 AC

Corner, frontage on FM 902 and Smith Rd.

  • Listing ID: 39402702

  • Date on Market: 2/11/2026

  • Last Updated:

  • Address: 123 Fm 902, Howe, TX 75459

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