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606.51 Acres 606.51 Acres of Commercial Land Offered at $18,900,000 in Sherman, TX 75090

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INVESTMENT HIGHLIGHTS

  • Land is 5 miles from US Hwy 75, Hwy 82 and downtown Sherman
  • Agriculturally Assessed
  • 11,000+ft of road frontage

EXECUTIVE SUMMARY

Rare opportunity to own 606.5 acres in Sherman, TX located within 5 miles of US Hwy 75, Hwy 82 and downtown Sherman. This site has approximately 11,000ft of road frontage and borders three road: FM 697 on two sides, JP Cave Rd and Independence Springs. There is gentle topography on the majority of the property and some flood plain located along the southern border. This land is located in Sherman ISD and is partially in Sherman's ETJ and partially in the County. There are minimal easements on the property, and it is agriculturally assessed. The land is partially in Pink Hill water CCN and partially in Sherman's water CCN and fully in Sherman's sewer CCN. Water and sewer are roughly 2 miles to the west.

PROPERTY FACTS

Price $18,900,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Hold For Development
  • Hold For Investment
  • Single Family Development
Total Lot Size 606.51 AC
Zoning No zoning - Located in ETJ and County- no zoning in place.

1 LOT AVAILABLE

Lot

Price $18,900,000
Price Per AC $31,161.89
Lot Size 606.51 AC

Rare opportunity to own 606.5 acres in Sherman, TX located within 5 miles of US Hwy 75, Hwy 82 and downtown Sherman.

DESCRIPTION

Rare opportunity to own 606.5 acres in Sherman, TX located within 5 miles of US Hwy 75, Hwy 82 and downtown Sherman. This site has approximately 11,000ft of road frontage and borders three road: FM 697 on two sides, JP Cave Rd and Independence Springs. There is gentle topography on the majority of the property and some flood plain located on the very south side of the property along the southern border. This land is located in Sherman ISD and is partially in Sherman's ETJ and partially in the County. There are minimal easements on the property, and it is agriculturally assessed. The land is partially in Pink Hill water CCN and partially in Sherman's water CCN and fully in Sherman's sewer CCN. Water and sewer are roughly 2 miles to the west. The nearest address you can search in GPS to find this location is 2773 FM 697 SHERMAN, TX. Driving north on Hwy 11, turn east onto FM 697 and drive for about two miles and the property will be on the north and south side of the road. See attachments for the flyer which will show you the site.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 125923
  • 125954
  • 391296
  • 122309
  • 122075
  • 125913
  • 125933
  • 125906
  • 125928
  • 272290
  • 122076
  • 122079
  • 125926
Land Assessment
$28,578
Improvements Assessment
$0
Total Assessment
$28,578
  • Listing ID: 32783792

  • Date on Market: 8/13/2024

  • Last Updated:

  • Address: 606.51 Acres, Sherman, TX 75090

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