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811 Graham Dr - Town Center Parcel 4.88 Acres of Commercial Land Offered at $4,900,000 in Sherman, TX 75092
Investment Highlights
- Can be rezoned under SB840 (Commercial to Multifamily, Residential or Mixed Use)
Executive Summary
Sherman with a population of 45,000 residents, located only 40 minutes from DFW and having a work force of over 2 million plus. Sherman is a booming city. The parcel can be used to develop Multifamily, Retail, Corporate Head Offices, Office Building, Hotels and etc. This parcel is the last parcel approved to built hotels in the heart of Sherman Town Center.
For more information about this property, and others, please visit tabanirealty.com/listings.
Property Facts
| Price | $4,900,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 4.88 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | Commercial | ||
| Price | $4,900,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 4.88 AC |
| Opportunity Zone |
Yes |
| Zoning | Commercial |
1 Lot Available
Lot
| Price | $4,900,000 | Lot Size | 4.88 AC |
| Price Per AC | $1,004,098.36 |
| Price | $4,900,000 |
| Price Per AC | $1,004,098.36 |
| Lot Size | 4.88 AC |
The parcel is 4.875 acres and is zoned commercial. Ideally situated near the 1.15 million sf Sherman Town Center shopping center anchored by Walmart, Cinemark, Hobby Lobby, Target, Home Depot & JCPenney with excellent visibility.
Description
Sherman has a population of 45,000 residents and is experiencing a boom in both population and investment. It has been designated as the 4th most desirable town to live in Texas, per Sedco. The city is located just 45 minutes from DFW Int'l Airport and Dallas Love Field. Traffic counts for US 75 of 63,406 ensure Sherman remains a growing city in the North Texas Corridor. With a work force of over 2 million plus, Sherman is poised for long term economic momentum. The parcel can be used to develop Multifamily, Retail, Corporate Head Offices, Office Building, Hotels and etc. This parcel is the last parcel approved to build hotels in the heart of Sherman Town Center. Can be rezoned under SB840 (Commercial to Multifamily, Residential or Mixed Use). Property is zoned for 7-8 story building approved as a 2 hotel sites. Residence Inn from Marriott is already approved on first lot and alternate franchise is available for second lot. Residence Inn project comes with event center and complete architectural and MEP plans with this sale.
Property Taxes
| Parcel Number | 232226 | Improvements Assessment | $0 |
| Land Assessment | $1,262,533 | Total Assessment | $1,262,533 |
Property Taxes
