271 Acres in Sherman, TX - $14,995,000
Sherman, TX Residential Development Opportunity
In the booming city of Sherman, TX, there's an incredible land development opportunity waiting for you! This expansive 271-acre property boasts 4800 feet of frontage on Spaulding Hightower Road and 2500 feet on Gage Road, making it prime for development. Positioned just north of Hwy 82 and less than 2 miles from the Dallas North Tollway Extension (Grayson Tollway), this location offers easy commuter access to the DFW Metro.
The property is perfect for residential single-family development, with a topography that allows for seamless infrastructure construction and picturesque green space for attractive amenities. What's more, it's located outside of the Sherman city limits, streamlining the plan and permit approval process and potentially reducing costs. Additionally, rural co-op water services are available along both street frontage sections, and a private water well currently serves t...
The property is perfect for residential single-family development, with a topography that allows for seamless infrastructure construction and picturesque green space for attractive amenities. What's more, it's located outside of the Sherman city limits, streamlining the plan and permit approval process and potentially reducing costs. Additionally, rural co-op water services are available along both street frontage sections, and a private water well currently serves the improvements, which can be preserved for irrigation purposes post-development.
The main residence and guest cottage offer breathtaking views of a 3-acre private lake, teeming with trophy bass, providing an opportunity for exceptional community amenities. Furthermore, approximately 3,845 feet of the property adjoins the Hagerman National Wildlife Refuge, ensuring insulation from future development, seclusion, and environmental conservation.
With explosive growth in Sherman and Grayson County, driven by the multi-billion dollar expansion of Texas Instruments and other tech manufacturing facilities, as well as retail, restaurant, and hospitality development, including the upcoming Margaritaville Resort, this property is positioned for remarkable appreciation. Priced well below market value, it presents an unparalleled opportunity to acquire real estate in a rapidly expanding area. Don't miss out on seizing this extraordinary investment opportunity!
