Mixed-Use Land for Sale in Sherman, Texas

Prime Development Opportunity in Sherman, Texas

Discover the Potential of Unrestricted Land

Property Overview

Discover the opportunity to own 4.209 acres of unrestricted land in the rapidly growing area of Sherman, Texas. Conveniently located just minutes from downtown, this well-developed neighborhood offers an ideal setting for future growth and development. The land is graded plain, and grass has been put, making it ready for construction.

This 4.209-acre land is centrally located in Sherman, TX, surrounded by numerous residential units with excellent access and visibility to the city's major thoroughfares. Previously, the site hosted two apartment complexes--Baltic with 37 units and St. Charles with 20 units--both of which have been demolished. Used to have 95-100% occupancy. There is a huge demand for the residential units.

Zoning and Development Potential

To be zoned Multi-Family (MF-15 or MF-30), the site is situated within a designated Opportunity Zone, just approximately 5 miles from the multi-billion dollar expansions of Texas Instruments and Global Wafers. This prime location is positioned for strong future growth and offers a unique development opportunity in one of North Texas' fastest-growing markets.

Investment Highlights

• Just 1 mile from NH 75
• Current Zoning: C-1 Commercial
• City will approve the rezoning to: Multi-Family (MF-15 or MF-30)
• All utilities available onsite
• Access: Good residential road access on all four sides of the land. One block of land, can be nicely developed.
• Previous Development: There used to be two apartment complexes (Baltic: 37 units and St. Charles: 20 units), but they were demolished.
• Neighborhood: Many houses in the neighborhood are being remodeled.
• Expansion Projects: Texas Instruments' $30 billion dollar expansion.
• New Developments: New $160 million Sherman High School.
• Healthcare and Retail: New hospital, medical offices, future grocery & retail options including McDonald's, Taco Bell, Panda Express, Quick Trip, and more!
• Residential Units: Many single-family and multi-family units around the land.

This is a prime development opportunity in Sherman, Texas. Contact me today for more details or to schedule a site visit.