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96 | 40' Single Family Paper Lots | Sherman, TX

$1,776,000

2615 East Graystone Drive, Tom Bean, TX 75090

Active
Last Updated: 12/05/2025

19.95 acres

Lot Area

R-4

Zoning

Details:
Lot Area:    19.95 acres
Zoning:    R-4
Highlights:
  • Located a block East of Texoma Parkway, less than a mile and a half east of US 75, and less than a half mile north of Highway 82.
  • The Site is approximately 2.5 miles east of several retailers and restaurants such as Walmart, Sam’s Club, Target, Home Depot, Best Buy, Chick-fil-a, Lowe’s, and Academy Sports, amongst others.
  • The Site is zoned R-4, “Patio Home District”, allowing for a minimum of 40’ lots with a minimum square footage of 4,000 square feet.
  • Per the Seller, all civil engineering is approved for 96 forty-foot wide lots.
  • To the best of our knowledge the Site is best suited for for-sale housing or a for-rent community.
  • Per the US Census Bureau, the population of Grayson County grew by 8.4% between 2020 and 2023.
  • Major multi-billion dollar developments in Grayson County include the new Texas Instruments and GlobiTech facilities as well as the planned Margaritaville Resort.
  • Per Texas Realtors, the average home price in Sherman is $297,680 as of September 2025, up 11.5% year-over-year.
Description:

Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to present qualified builders and developers with the opportunity to purchase 96 engineered 40-foot paper lots (19.95+/- acres) located at 2615 Graystone Drive in Sherman, TX (“the Site”). The Site is centrally located within the Sherman-Denison MSA, less than 1.5 miles east of US Highway 75, less than a 10-minute drive to downtown Sherman, and less than 8 miles north of both the new GlobiTech and Texas Instruments facilities. This represents a great opportunity to acquire a fully engineered single family lot opportunity at an attractive price of only $18,500 per paper lot.

To gain access to the Due Diligence Vault click on the link below:
https://docsend.com/view/s/a9qyp5g9dcwend47

A 2.25% 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.

Map:
Documents:
Title
Marketing_Flyer_-_96_Lots_Sherman.pdf
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Location
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