712+/- Single-Family Paper Lots 192.6+/- Acres | Sherman, TX

Highlights:

• The Site is ideally situated a block west of Texoma Parkway, less than a mile east of US 75, and less than a mile north of Highway 82.
• In proximity to national retailers and restaurants such as Walmart, Sam’s Club, Target, Home Depot, Best Buy, Chick-fil-a, Sears, Burlington Coat Factory, and JCPenney.
• The Site is approximately 1.5 miles east of Heritage Ranch, with homes reaching up to $499,000. Also, the Site is two miles south of Gateway Village, with homes selling up to $574,000.
• The Site is zoned in a Planned Development allowing for varying lot sizes including 40', 50', 60' and 80' configurations.
• The master plan for the overall Pecan Grove Estates also includes two multifamily sites, an office/ commercial site, and seven estate lots which are being retained by Ownership.
• Currently there is a concept plan in the due diligence vault showing 712+/- lots of various sizes, see table above for exact counts (lot counts subject to change).
• Purchaser will be responsible for extending sanitary sewer approximately 1,500 LF and water will be stubbed to the Site.
• Purchaser to verify zoning, existing uses allowed, and utilities.
• According to the US Census Bureau, the population of Grayson County grew by 8.4% between 2020 and 2023, signaling continued growth going forward.
• Major multi-billion dollar developments in Grayson County are driving housing demand in the area.
• Per Texas Realtors, the median home price for new construction homes in Grayson County is $325,000 as of October 2024, an 8% increase year-over-year.

Description:

Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to present an opportunity to purchase 712+/- single-family paper lots within the Pecan Grove Estates master-planned community in Sherman, TX (“the Site”). The Site’s zoning allows for a variety of lot sizes, including 40’, 50’, 60’, and 80’ configurations. The Site is located centrally within the Sherman-Denison MSA less than half a mile east of US Highway 75, less than a 10-minute drive to downtown Sherman, and approximately 10 miles to the new GlobiTech and Texas Instruments facilities. This represents a great opportunity to acquire entitled single-family land within a master-planned community at a price of only $22,993 per paper lot.

To gain access to the Due Diligence Vault click on the link below:
https://docsend.com/view/s/hmqf7b766dz2jwci

Any third-party co-broker will need to be compensated by their client as there is no co-broker fee available on this offering.

Documents: