US HWY 82
Sherman, TX 75092
Rex Cruse BTR / SFR · Land For Sale
·
110.00 AC
Investment Highlights
- Entitled SFR/ BTR site within an Opportunity Zone, allowing for tax incentives
- Near shovel ready for horizontal construction
- Massive employment and company expansion with Texas Instruments opening a new plant
- Civil engineering included in the purchase price
- Directly south of Heritage Ranch (+624 AC mixed-use development)
- Located next to major north-south and east-west corridors
Property Facts
| Property Type | Land | Total Lot Size | 110.00 AC |
| Property Subtype | Residential | Cross Streets | Hickory Street |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 110.00 AC |
| Cross Streets | Hickory Street |
Description
GREA is pleased to announce the exclusive listing for the Rex Cruse SFR/ BTR Site located in Sherman, TX. This site is designed for 289 lots and will be ready for horizontal construction within weeks. The subdivision is comprised primarily 50’ and 60’ lots with utilities at or near the site. The property consists of approximately 110 acres with good visibility and frontage access to US Hwy 82. The property’s premier location boasts convenient access to major highways (I-75 and US-82), nearby retail, and is centrally located within the Sherman-Denison MSA. Additionally, this site is in an Opportunity Zone which can be advantageous for long-term operators. Sherman’s population is projected to double in the next five to ten years as major economic expansions move into the area, led by the $30BN Texas Instruments microchip production facility and the $5BN GlobiTech silicon wafer plant. Sherman is located 63 miles north of downtown Dallas and just completed a new high school.
