4381 N Loy Lake Rd, Sherman, TX 75092

$10,031,868

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List Price
$10,031,868
Price Change
▲ $31,868 1788304258
MLS#
21368995
Status
ACTIVE
Type
Commercial
Subtype
CommercialSale
Year Built
1976
Construction Status
Preowned
Acres
23.03
County
Grayson
City
Sherman
Subdivision
G-1553

Property Description

Prime 23-Acre Development Tract with Hwy 75 Frontage – Sherman, Texas  Capitalize on the rapid growth of the North Texas, Silicon Prairie, with this premier 23-acre development opportunity. Located within the Sherman city limits and just an hour north of Dallas, this highly visible tract features dual frontage on both U.S. Highway 75 and Loy Lake Road, ensuring maximum exposure and accessible ingress and egress.  Strategic Location: Situated in a high-growth corridor just north of Sherman Town Center and the new Courtyard by Marriott. It sits exactly 10 miles north of the massive Texas Instruments and Globiwafer multi-billion dollar manufacturing plants, and 10 miles south of the Oklahoma border. Favorable Zoning & Utilities: Zoned R-6 (Residential) within the City of Sherman, with city utilities available, including a city sewer line running directly along Highway 75. Maximum Tax Incentives: Positioned within Opportunity Zones 1.0 and 2.0, providing developers and investors with exceptional long-term tax advantages. Ready for Due Diligence: A complete property survey is available upon request to help accelerate your project timeline. Whether you are looking to develop a master-planned residential community, high-density housing, or pursue a commercial variance in a booming submarket, this acreage offers the location, infrastructure, and financial incentives to maximize your return on investment. Contact us today to review the survey and secure this exceptional piece of the Texas growth engine.

Additional Information

Unexempt Taxes
$7,711
Lot Size
1,003,186
Acres
23.03
Lot Description
Trees
Building Stories
1
Possession
Negotiable
Inclusions
Land & Improvements

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Calculator source: Real Geeks

Listing courtesy of ROBIN PHILLIPS from PARAGON, REALTORS. Contact: 903-893-8174

Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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