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15.125 acres Peyton St
Sherman, TX 75090
E Peyton Street · Land For Sale
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15.13 AC
Investment Highlights
- Fully entitled development site with 300-unit multifamily engineering plan approved by the City of Sherman.
- Located only a half mile from US-75 and US-82, providing excellent regional connectivity.
- Includes Survey, Topographic map, Phase I Environmental reports, and conceptual site plans for multifamily and townhomes.
- Zoned MF-30 to accommodate high-density residential development options.
- Situated within an Opportunity Zone offering potential tax advantages for investors.
- All utilities available across the four contiguous parcels, supporting immediate development.
Executive Summary
Property Facts
1 Lot Available
Lot 4
| Price | $4,167,171 CAD | Lot Size | 15.13 AC |
| Price Per AC | $275,424.36 CAD |
| Price | $4,167,171 CAD |
| Price Per AC | $275,424.36 CAD |
| Lot Size | 15.13 AC |
This exceptional 15.125 acre Development Site within an OPPORTUNITY ZONE, in Sherman, TX is zoned MF-30 and fully approved by the City for a 300-unit multifamily community.
Description
This exceptional 15.125 acre Development Site within an OPPORTUNITY ZONE, in Sherman, TX is zoned MF-30 and fully approved by the City for a 300-unit multifamily community. A rare, shovel-ready opportunity, the property consists of four contiguous parcels with all utilities available. Ideal for high-density multifamily, build-to-rent (BTR), townhomes, or duplexes. The mostly flat topography is lined with mature trees for privacy, and a narrow floodplain separates the site, making it ideal for blending multiple product types or developing a unified large-scale complex. Survey, Topo, Phase I Environmental reports, and a conceptual engineering MF and Townhome Site Plan. Located only a half mile from US-75 and US-82, this premier site offers exceptional access, visibility, and long-term growth potential. Ag Exempt. Contact us today for more information!
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $826 CAD | Total Assessment | $826 CAD |
Property Taxes
