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7301 U.S. 75 - Shepherd's Place | MF & BTR Sites 53.4 Acres of Commercial Land Offered at $15,041,268 in Sherman, TX 75090
Investment Highlights
- Shepherd’s Place is ideally situated at the SWC of US-75 and Shepherd Rd making the Site ideal in regard to connectivity and ease of travel.
- The Site is approximately 3 miles south of the intersection of FM 1417 and US 75 which boasts several retailers and restaurants.
- The master planned community will also have 941 Single Family Lots, 60 acres of Commercial, 24 acres of Townhomes, and 7 acres of Hospitality.
- Shepherd’s Place is across Shepherd Road from Texas Instruments and three and a half miles from the GlobiTech semiconductor chip facility.
- Ownership has indicated they anticipate delivering the Spine Road and utilities to each tract within 18 months of closing.
- The Build-to-Rent Tract and Multifamily Tracts have flexible base zoning allowing for up to 40 units to the acre by right.
Executive Summary
Property Facts
| Price | $15,041,268 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 53.40 AC |
| Property Type | Land | ||
| Zoning | Planned Development - Planned Development | ||
| Price | $15,041,268 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 53.40 AC |
| Zoning | Planned Development - Planned Development |
1 Lot Available
Lot
| Price | $15,041,268 | Lot Size | 53.40 AC |
| Price Per AC | $281,671.69 |
| Price | $15,041,268 |
| Price Per AC | $281,671.69 |
| Lot Size | 53.40 AC |
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to present the opportunity to purchase a 23.4+/- acre Build-to-Rent Site and a 30+/- acre Multifamily Site that are part of a larger master planned community called She
Description
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to present the opportunity to purchase a 23.4+/- acre Build-to-Rent Site and a 30+/- acre Multifamily Site that are part of a larger master planned community called Shepherd’s Place, located at the southwest corner of US-75 and Shepherd Road in Sherman, TX. The Site is zoned under the Shepherd’s Place planned development, a 531+/- acre community, which will also include, but not limited to, 60+/- acres of retail, 20+/- acres of office, 941 single family lots, 24+/- acres of townhomes, and 7+/- acres of hospitality. Please note, Ownership would consider subdividing the 30+/- acre Multifamily Site into two 15+/- acre tracts, and the Build-to-Rent Site can also be developed as multifamily; all the sites can be purchased individually.
Property Taxes
| Parcel Number | 445086 | Improvements Assessment | $3,028 |
| Land Assessment | $23,721 | Total Assessment | $26,749 |
Property Taxes
Contacts
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Jordan Cortez -
Justin Tidwell -
Mason John -
Haley Birmingham -
Will Droese -
Reid Pierce -
Alex Johnson -
Tim Marron -
Vanguard Real Estate Advisors
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7301 U.S. 75 - Shepherd's Place | MF & BTR Sites
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