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OB Groner Road - For Sale: 220+/- Acre Development Site 220.04 Acres of Commercial Land Offered at $19,950,000 in Sherman, TX 75092
Investment Highlights
- The Site is situated a quarter mile west of Heritage Parkway (FM 1417), two miles west of US 75, and just over a mile south of Highway 56.
- Approximately half a mile east of the Site, Brightland Homes is selling homes in their Pebblebrook community up to $419,990.
- The Site is zoned in the "Greenway" Planned Development (PD – 6690 & 6689).
- The Site is less than half a mile to Sherman High School which opened in 2021.
- The Site is approximately 2.5 miles west of the intersection of FM 1417 and US 75 which boasts several retailers and restaurants.
- The permitted uses allowed per the PD Ordinance include: Single Family (40’ lots, 50’ lots & 60’ lots), Townhomes, Multifamily (MF-30), and Commercial
Property Facts
| Price | $19,950,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 220.04 AC |
| Property Type | Land | ||
| Zoning | Planned Development | ||
| Price | $19,950,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 220.04 AC |
| Zoning | Planned Development |
1 Lot Available
Lot
| Price | $19,950,000 | Lot Size | 220.04 AC |
| Price Per AC | $90,665.33 |
| Price | $19,950,000 |
| Price Per AC | $90,665.33 |
| Lot Size | 220.04 AC |
Description
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to present the opportunity to purchase a 220+/- acre master planned community called Greenway, located along OB Groner Road in Sherman, TX (“the Site”). The Site is zoned under the Greenway planned development, allowing for a mix of commercial, single family, townhomes, and multifamily. The current Concept Plan shown on page 3 contemplates 808 residential lots, 773 multifamily units, and 16.4+/- acres of retail space. Ideally located approximately 2 miles west of US Highway 75 and less than a 10-minute drive to the new GlobiTech and Texas Instruments facilities, this is a great opportunity to acquire a Site with high density entitlements in one of the fastest growing markets in North Texas.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $9,581 | Total Assessment | $9,581 |
Property Taxes
Contacts
-
Jordan Cortez -
Justin Tidwell -
Mason John -
Haley Birmingham -
Will Droese -
Reid Pierce -
Alex Johnson -
Vanguard Real Estate Advisors
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OB Groner Road - For Sale: 220+/- Acre Development Site
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