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2801 Texoma Pky
Sherman, TX 75090

$924,000 USD

Land For Sale • 31.35 AC

Property Details

Property Type Land
Lot Size 31.35 AC
Zoning C-2

0 Transit Score

35 Walk Score

Description

Former Sher-Den mall redevelopment in Sherman, TX.  Strategically located in the heart of regional population and major thoroughfares. 
Located in a Qualified Opportunity Zone which can defer and/or eliminate capital gains taxes for commercial real estate investors.  Prime location for investment or development of multiple uses.  Pre-approved permitted multi family site plan in place for 730 apartments. QuickTrip, Club Car Wash and Grandys have already closed on pad sites at this development.  Total of 44.26 acres of land.  Extensive highway and surface street frontage. Texas instruments is under construction on a $30 billion semiconductor wafer fabrication plan with 3,000 new jobs (largest economic development investment in Texas).  Globitech is brining 1,500 new jobs and $5 Billion in new investment. Apple (Finisar) is investing in a fab plant as well.  Property can be easily divided into pad sites for office, retail, restaurants and apartments.  Pricing dependent on size and pad site location. Prime location positioned to take advantage of the rapid growth North from the DFW metroplex, which is located 30 minutes to the South.  This site offers quick and convenient access to Texoma Parkway and Hwy 82. All utilities are available to the site - water, sewer, electric, storm sewer, spine roads, etc.   Rapid population growth of 10% annually since 2010. Solid future development potential based on location, superior infrastructure and major employers expanding rapidly.

                
                    Highlights
                
                                Property is located in a qualified opportunity zone - defer and eliminate capital gains taxes for commercial real estate investors
                            
                                Multi Family Development site pre-approved by City Council for 730 Multifamily units 
                            
                                Developer will parcel off ideal size tracts for users and investors
                            
                                Additional curb cuts and median breaks are available off Texoma Parkway
                            
                                QuickTrip gas station and Club Car Wash have recently purchased pad sites at this development
                            
                                QuickTrip gas station under construction currently on the hard corner.