OB Groner Road - Commercial LAND FOR SALE


Sherman, TX 75092 9,584,942 SF
$19,950,000 USD
214-556-1951
OB Groner Road, Sherman, TX for Sale
$19,950,000 USD
Commercial LAND - FOR SALE
1/3
9,584,942 SF

OB Groner Road
Sherman, TX 75092


HIGHLIGHTS

  • The Site is situated a quarter mile west of Heritage Parkway (FM 1417), two miles west of US 75, and just over a mile south of Highway 56.
  • The Site is less than half a mile to Sherman High School which opened in 2021.
  • Approximately half a mile east of the Site, Brightland Homes is selling homes in their Pebblebrook community up to $419,990.
  • The Site is approximately 2.5 miles west of the intersection of FM 1417 and US 75 which boasts several retailers and restaurants.
  • The Site is zoned in the "Greenway" Planned Development (PD – 6690 & 6689).
  • The permitted uses allowed per the PD Ordinance include: Single Family (40’ lots, 50’ lots & 60’ lots), Townhomes, Multifamily (MF-30), and Commercial

OVERVIEW

Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to present the opportunity to purchase a 220+/- acre master planned community called Greenway, located along OB Groner Road in Sherman, TX (“the Site”). The Site is zoned under the Greenway planned development, allowing for a mix of commercial, single family, townhomes, and multifamily. The current Concept Plan shown on page 3 contemplates 808 residential lots, 773 multifamily units, and 16.4+/- acres of retail space. Ideally located approximately 2 miles west of US Highway 75 and less than a 10-minute drive to the new GlobiTech and Texas Instruments facilities, this is a great opportunity to acquire a Site with high density entitlements in one of the fastest growing markets in North Texas. Ownership would consider subdividing the Site. One option Ownership would consider is selling the Phase 1, 235 single family units that can currently be served by the existing 12" wastewater line (see Will Serve letter in Due Diligence Vault).

FOR SALE DETAILS

PRICE

$19,950,000 USD

PRICE/ACRE

$90,665/AC

PRICE/SF

$2 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Retail, Mixed Use, Multi-Family, Apartment Units, Hold for Development, Hold for Investment, Master Planned Community, Planned Unit Development, Single Family Development, Single Family Residence

LAND ACRES

220.04 AC

LAND SF

9,584,942 SF

OFFSITE IMPROVEMENTS

-

ZONING

Planned Development

APN/PARCEL ID

125114,125140

ASK ABOUT THIS PROPERTY

Jordan CortezVanguard Real Estate AdvisorsMore Info
214-556-1951

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Jordan CortezVanguard Real Estate AdvisorsMore Info
214-556-1951

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.