93.87+/- Acre Tract | Ravenna, TX

Highlights:

• The Site is well located along East Maple Street and is less than half a mile east of FM-274, a major north-south throughfare running through Fannin County.
• The Site is located within Bonham ISD which serves a total student body of 1,900 and has a B rating according to Niche.com
• The Site is 6 miles northwest of Bonham High School and less than 7 miles northwest of both Rather Junior High School and Evans Elementary School.
• The Site is located within Fannin County and is not zoned, allowing for a variety of potential uses.
• Potential uses include, but are not limited to; single family, manufactured housing, RV park, flex industrial, and recreational uses.
• Purchaser to do their own due diligence related to zoning and uses allowed on the Site.
• Fannin County spans approximately 400 miles and is home to the Bois d’Arc Lake allowing for a variety of recreational activities.
• According to the 2024 U.S. Census Bureau, the population of Fannin County was 38,650.
• The City of Sherman located 30 miles west of the Site will be home to both the Texas Instruments and GlobiTech semiconductor chip facilities which total $35 billion in anticipated investments and will create approximately 4,500 new jobs.
• Fannin County is a part of the Bonham micropolitan statistical area and the Dallas-Fort Worth Metropolitan combined statistical area.

Description:

Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer the opportunity to purchase 93.87+/- acres (the “Site”) located along E Maple Street (FM-1753) in Ravenna, TX. This Site offers direct frontage (1,000 feet) on FM-1753 (E Maple Street), Ravenna’s main east west thoroughfare. The Site is 4.5 miles north of Highway 82, an important east-west route that runs from Lubbock to Texarkana, and is less than 3 miles west of Highway 78, a primary north-south thoroughfare serving greater Fannin County.

With no known zoning restrictions in place, the Site boasts a wide range of potential uses. Located in one of Texas’ fastest-growing counties, this is a solid opportunity for developers or investors looking for well-located land in the path of growth.

This offering is exceptionally priced at an asking price of only $1,975,000, which is $275,000 less than the Site’s appraised value per a recent appraisal done by CBRE in November 2024.

To gain access to the Due Diligence Vault click on the link below:
https://docsend.com/view/s/npgkat46zk4xqnzz


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.

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