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15.125 acres Peyton St
Sherman, TX 75090
E Peyton Street · Land For Sale
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15.13 AC
INVESTMENT HIGHLIGHTS
- 300-unit Multifamily Engineering Site Plan was approved by City of Sherman
- Half mile from major interstate 75 and 82
- Zoning MF-30
EXECUTIVE SUMMARY
PROPERTY FACTS
1 LOT AVAILABLE
Lot 4
| Price | $2,995,000 | Lot Size | 15.13 AC |
| Price Per AC | $198,016.53 |
| Price | $2,995,000 |
| Price Per AC | $198,016.53 |
| Lot Size | 15.13 AC |
This exceptional 15.125 acre Development Site within an OPPORTUNITY ZONE, in Sherman, TX is zoned MF-30 and fully approved by the City for a 300-unit multifamily community.
DESCRIPTION
This exceptional 15.125 acre Development Site within an OPPORTUNITY ZONE, in Sherman, TX is zoned MF-30 and fully approved by the City for a 300-unit multifamily community. A rare, shovel-ready opportunity, the property consists of four contiguous parcels with all utilities available. Ideal for high-density multifamily, build-to-rent (BTR), townhomes, or duplexes. The mostly flat topography is lined with mature trees for privacy, and a narrow floodplain separates the site, making it ideal for blending multiple product types or developing a unified large-scale complex. Survey, Topo, Phase I Environmental reports, and a conceptual engineering MF and Townhome Site Plan. Located only a half mile from US-75 and US-82, this premier site offers exceptional access, visibility, and long-term growth potential. Ag Exempt. Contact us today for more information!
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $332,233 | Total Assessment | $332,233 |
PROPERTY TAXES
