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Texoma Pkwy Sherman TX 75090
Sherman, TX 75090
712+/-Single Family Paper Lots · Land For Sale
·
192.60 AC
Investment Highlights
- The Site is ideally situated a block west of Texoma Parkway, less than a mile east of US 75, and less than a mile north of Highway 82.
- The Site is approximately 1.5 miles east of Heritage Ranch, with homes reaching up to $499,000. Also, the Site is two miles south of Gateway Village.
- The master plan for the overall Pecan Grove Estates also includes two multifamily sites, an office/ commercial site, and seven estate lots.
- In proximity to national retailers and restaurants such as Walmart, Sam’s Club, Target, Home Depot, Best Buy, Chick-fil-a, Sears.
- The Site is zoned in a Planned Development allowing for varying lot sizes including 40', 50', 60' and 80' configurations.
- Currently there is a concept plan in the due diligence vault showing 712+/- lots of various sizes.
Property Facts Under Contract
| Sale Type | Investment | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 192.60 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Residential | ||
| Zoning | PD Through Ordinance 6600 - Planned Development | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 192.60 AC |
| Opportunity Zone |
Yes |
| Zoning | PD Through Ordinance 6600 - Planned Development |
1 Lot Available
Lot
| Price | $16,371,000 | Lot Size | 192.60 AC |
| Price Per AC | $85,000.00 |
| Price | $16,371,000 |
| Price Per AC | $85,000.00 |
| Lot Size | 192.60 AC |
Description
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to present an opportunity to purchase 712+/- single-family paper lots within the Pecan Grove Estates master-planned community in Sherman, TX (“the Site”). The Site’s zoning allows for a variety of lot sizes, including 40’, 50’, 60’, and 80’ configurations. The Site is located centrally within the Sherman-Denison MSA less than half a mile east of US Highway 75, less than a 10-minute drive to downtown Sherman, and approximately 10 miles to the new GlobiTech and Texas Instruments facilities. This represents a great opportunity to acquire entitled single-family land within a master-planned community at a price of only $22,993 per paper lot. Any third-party co-broker will need to be compensated by their client as there is no co-broker fee available on this offering.
