West Travis Street - Residential LAND FOR SALE


Sherman, TX 75092 442,570 SF
$4,900,000 USD
214-556-1951
West Travis Street, Sherman, TX for Sale
$4,900,000 USD
Residential LAND - FOR SALE
1/4
442,570 SF

West Travis Street
Sherman, TX 75092


HIGHLIGHTS

  • The 10.16+/- acre Site is well located along West Travis Street less than half a mile west of US-75 and 4.5 miles south of US-82. 
  • The Site is zoned MF-30 which allows for a density of 30 units per acre for up to 304 developable units.
  • According to Ownership, the City of Sherman is actively working towards bringing sewer to the Site.
  • According to the 2022 U.S. Census Bureau, the City of Sherman has a population of approximately 45,264, which was in increase of 17.5 percent in the l
  • According to CoStar, multifamily properties in Sherman are achieving average effective rents up to $1.80 psf.

OVERVIEW

Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer developers and investors the opportunity to purchase a 10.16+/- acre zoned multifamily development site located along West Travis Street in Sherman, TX (the “Site”). The zoning allows for 30 units per acre density for up to 304 units. The Site is accessible via West Travis Street and less than half a mile west of US-75. This intersection boasts multiple national retailers such as Starbucks, McDonald’s, Whataburger, as well as a recently announced future grocery store which will be directly across the street. This offering is exceptionally well-located and is a great opportunity to acquire a zoned multifamily parcel at an attractive price of only $16,118 per developable unit. To gain access to the Due Diligence Vault click on the link below: https://docsend.com/view/s/iicr58nc4a7biyge A 2% co-broker fee is available to a Broker that sources a Principal that VREA has not previously contacted in any format or sent information to regarding this opportunity; a third party broker must register their client upon initial contact with VREA.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/ACRE

$482,283/AC

PRICE/SF

$11 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

10.16+/- Acre Multifamily Site | Sherman, TX

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

10.16 AC

LAND SF

442,570 SF

OFFSITE IMPROVEMENTS

Water

ZONING

MF-30

APN/PARCEL ID

388889

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 Policy.