This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
400 W US Highway 82
Sherman, TX 75092
Rex Cruse Development · Land For Sale
·
22.11 AC
INVESTMENT HIGHLIGHTS
- Entitled multifamily site within an Opportunity Zone, allowing for tax incentives
- Directly south of Heritage Ranch (a +624-acre mixed-use development)
- Located next to major north-south and east-west corridors with easy access to retail, restaurants, schools and every day essentials
- Ability to change the site plan, density, and layout
- Massive employment and company expansion with Texas Instruments opening a new plant adding approximately 3,000 local jobs
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 22.11 AC |
| Property Subtype | Residential | ||
| Zoning | MF-Residential | ||
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 22.11 AC |
| Zoning | MF-Residential |
DESCRIPTION
GREA is pleased to announce the exclusive listing for the Rex Cruse Development Site located in Sherman, TX. This site is entitled for multifamily and is currently overlaid for 288 apartment units. The property consists of approximately 22 acres with good visibility and frontage access to US Hwy 82. The property’s premier location boasts convenient access to major highways (I-75 and US-82), nearby retail, and is centrally located within the Sherman-Denison MSA. Additionally, this site is in an Opportunity Zone which can be advantageous for long-term operators. Sherman’s population is projected to double in the next five to ten years as major economic expansions move into the area led by the $30BN Texas Instruments microchip production facility and the $5BN GlobiTech silicon wafer plant. Sherman is located 63 miles north of downtown Dallas and just completed a new high school.
