
Residential Land for Sale in Van Alstyne, Texas
5367 FM-121, Van Alstyne, TX 75495
Rare opportunity on highly desirable FM 121 in Van Alstyne ISD! Situated on approximately 2.9 acres with excellent road frontage and visibility, this versatile property offers endless possibilities for residential, commercial, or investment use. The standout feature is the massive shop, providing abundant space for a business, workshop, storage, equipment, hobbies, or future conversion. Whether you're looking for a place to operate your business, build your dream home, or create a live-work property, this acreage offers the flexibility to make it happen. Conveniently located just minutes from US-75 with easy access to Van Alstyne, McKinney, Sherman, and the rapidly growing North Texas corridor. Properties with this combination of acreage, location, visibility, and a substantial shop are increasingly hard to find. Don't miss this exceptional opportunity!
Location
- Street address
- 5367 FM-121
- County
- Grayson County
- Zip code
- 75495
- Community
- Magnolia Farms
- School district
- Van Alstyne ISD
- Elevation
- 709 feet
Directions
Take US-75 North toward Van Alstyne. Take Exit 51 for FM 121 Van Alstyne Parkway. At the end of the exit ramp, turn east (right) onto FM 121 E. Jefferson Street. Continue on FM 121 East for approximately 5.3-5.5 miles.The property at 5367 FM 121 will be on your right.
Property details
- Acreage
- 2.947 acres
- Zoning
- residential
- MLS #
- NTREIS 21332949
- Posted
Parcels
- 409302
Legal description
MAGNOLIA FARMS, LOT 3, ACRES 2.947
Details and features
Listing
- Type
- Land
- Franchise
- Keller Williams Realty
Lot
- Features
- Acreage, Cleared, Few Trees, Many Trees
Nearby schools
| Name | Type | District |
|---|---|---|
| Bob and Lola Sanford | Elementary | Van Alstyne ISD |
| Van Alstyne | Middle | Van Alstyne ISD |
| Van Alstyne | High | Van Alstyne ISD |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| July 16, 2026 | New listing | $400,000 | — | NTREIS |

































