35.329 AC Flanary Rd (Interurban Parkway)
Sherman, TX 75092
15 AC Flanary Rd, Sherman TX 75092 · Land For Sale · 15.00 AC

35.3 +/- Acres in the City of Sherman with approximately 893 ft of Flanary Road (Interurban Parkway) frontage. Located just West of US 75 and South of Heritage Pkwy (FM 1417) the property is adjacent to the master planned business Progress Park. The property has varied terrain - open pasture, grassy, and wooded areas with perimeter and cross fencing. A small pond and creek is on the property. Current Use is Agricultural. Utilities are accessible. Great Location and Development Opportunity. The 35.329 Acres is within the City of Sherman city limits just West of US 75 and South of FM 1417 (Heritage Parkway) on Flanary Rd (Interurban Parkway) within close proximity to South Sherman Growth Areas to the West, East and North of the property. Flanary Rd is approximately 1.3 miles from US Highway 75. *Per the City of Sherman, plans for Flanary Rd to expand to a 4-lane divided roadway & extension of the road to the south toward the New Texas Instruments development is in progress. Engineering was approved for the design to improve and expand Flanary Rd and Progress Drive thus allowing for expanded development in the area. The Master Thoroughfare Plan indicates the continued expansion of Flanary Rd to the south and is constituted as a minor arterial. Per City of Sherman information indicates Flanary Rd will connect with the new Moore St (now renamed Interurban Parkway). The new section of Moore St (renamed Interurban Parkway) starts from west Travis St at the new Sherman High School intersection going South along side a future 620 Acre Mix Use Planned Development to FM 1417 ( Heritage Parkway) which is directly across from Flanary Rd ( renames Interurban Parkway in 2024). Much development happening in and around this area. A few of the other New developments in close proximity include the SE corner of FM 1417 and Hwy 75 development in progress, completed or planned for mixed use of retail, entertainment, office/commercial, restaurants, multifamily and master-planned residential with future proposed elementary school. The NW corner area of FM 1417 and Hwy 75 has completed, in progress and/or planned development for mixed use - commercial, retail, medical facilities. Global Wafers America,300 mm silicon wafer fabrication facility is under construction on 143 Acre site, with estimated 1.2million sq ft very near Flanary Rd (Interurban Parkway) on FM 1417 (Heritage Parkway). Per Texas Instruments publication -Construction is progressing steadily at the New Sherman Texas Instruments 300mm wafer fabrication plant. The completion of the first of four planned 300mm wafer fab facility is expected as early as 2025. It has been indicated the new Texas Instruments Wafer Fab Campus is a 30 billion dollar investment with enough land to fit 24 football fields located off Shepherd Drive. The Flanary Rd new expansion (Interurban Parkway) will extend to Shepherd Rd by and alongside the new Texas Instruments Campus.