Land for Sale in Sherman, Texas
E Peyton St, Sherman, TX 75090
This exceptional 15.125 acre Development Site within an OPPORTUNITY ZONE, in Sherman, TX is zoned MF-30 and fully approved by the City for a 300-unit multifamily community. A rare, shovel-ready opportunity, the property consists of four contiguous parcels with all utilities available. Ideal for high-density multifamily, build-to-rent (BTR), townhomes, or duplexes, or would make a great affordable housing site. The mostly flat topography is lined with mature trees for privacy, and a narrow floodplain separates the site, making it ideal for blending multiple product types or developing a unified large-scale complex. Survey, Topo, Phase I Environmental reports, and a conceptual engineering MF and Townhome Site Plan. Located only a half mile from US-75 and US-82, this premier site offers exceptional access, visibility, and long-term growth potential. Ag Exempt.
Location
- Street address
- E Peyton St
- County
- Grayson County
- Zip code
- 75090
- Community
- McAnair J B
- School district
- Sherman ISD
- Elevation
- 778 feet
Property details
- Acreage
- 15.125 acres
- Zoning
- MF-30 Multifamily
- MLS #
- NTREIS 20999758
- Posted
Property taxes
- Recent
- $6
Parcels
- 156667
Legal description
G-0763 MCANAIR J B, ACRES 7.25
Details and features
Listing
- Type
- Land
Lot
- Vegetation
- Brush, Cleared, Grassed, Wooded
- Features
- Acreage, City Lot
Structure
- Water
- Public
- Sewer
- Public Sewer
Nearby schools
| Name | Type | District |
|---|---|---|
| Dillingham | Elementary | Sherman ISD |
| Sherman | Middle | Sherman ISD |
| Sherman | High | Sherman ISD |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| June 14, 2026 | Price increase | $2,999,000 | $1,500 0.05% | NTREIS |
| Mar 27, 2026 | Price increase | $2,997,500 | $2,500 0.08% | NTREIS |
| July 16, 2025 | New listing | $2,995,000 | — | NTREIS |