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Off Market
1/1

US HWY 82 @ Hickory Street
Sherman, TX 75092


HIGHLIGHTS

  • Entitled SFR/ BTR site within an Opportunity Zone, allowing for tax incentives
  • Civil engineering included in the purchase price
  • Near shovel ready for horizontal construction
  • Directly south of Heritage Ranch (+624 AC mixed-use development)
  • Massive employment and company expansion with Texas Instruments opening a new plant
  • Located next to major north-south and east-west corridors

OVERVIEW

GREA is pleased to announce the exclusive listing for the Rex Cruse SFR/ BTR Site located in Sherman, TX. This site is designed for 289 lots and will be ready for horizontal construction within weeks. The subdivision is comprised primarily 50’ and 60’ lots with utilities at or near the site. The property consists of approximately 110 acres with good visibility and frontage access to US Hwy 82. The property’s premier location boasts convenient access to major highways (I-75 and US-82), nearby retail, and is centrally located within the Sherman-Denison MSA. Additionally, this site is in an Opportunity Zone which can be advantageous for long-term operators. Sherman’s population is projected to double in the next five to ten years as major economic expansions move into the area, led by the $30BN Texas Instruments microchip production facility and the $5BN GlobiTech silicon wafer plant. Sherman is located 63 miles north of downtown Dallas and just completed a new high school.

FOR SALE DETAILS

PRICE

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# OF LOTS

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LAND DETAILS

PROPERTY NAME

Rex Cruse BTR / SFR

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

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LAND ACRES

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LAND SF

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OFFSITE IMPROVEMENTS

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ZONING

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APN/PARCEL ID

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