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2801 Texoma Pky - Former Sher-Den Mall site 1.01 - 30.34 Acre Commercial Land Lots Offered at $1,289,830 - $17,323,368 CAD Per Lot in Sherman, TX 75090

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INVESTMENT HIGHLIGHTS

Property is located in a qualified opportunity zone - defer and eliminate capital gains taxes for commercial real estate investors
Developer will parcel off ideal size tracts for users and investors
QuickTrip gas station and Club Car Wash have recently purchased pad sites at this development

Multi Family Development site pre-approved by City Council for 730 Multifamily units
Additional curb cuts and median breaks are available off Texoma Parkway
Divisible residential and commercial sites available for sale here

EXECUTIVE SUMMARY

Multi Family Development site and Commercial Pad sites available on the NEC of Highway 82 and Texoma Parkway. Former Sher-Den Mall site. Sites available for users and investors. Broad range of uses available at this site. Opportunity zoned land. Will parcel off ideal sized tracts for user and investors. Underlying C-2 General Commercial District permits a wide variety of uses, generally characterized as retail, commercial, office, lodging, and institutional uses. Certain other zoning regulations apply to the Property, in particular the O-1 (75 & 82) Overlay District. Divisible residential and commercial development sites. Wide range of development possibilities.

Marketing Brochure/Flyer

2022 0204_Sherdan Mall Apts_Offsite Areas with dimensions

PROPERTY FACTS

Price	$1,289,830 - $18,613,198 CAD	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Retail Office Mixed Use Multifamily Hospitality Auto Repair Bank Bar Carwash Tienda de conveniencia Fast Food Healthcare Hotel Medical Neighbourhood Centre Restaurant Storefront, Retail or Residential Strip Centre Veterinarian or Kennel
Sale Conditions	Build to Suit Lease Option Redevelopment Project	Total Lot Size	31.35 AC
No. Lots	2	No. Stories	1
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C-2 - commercial zoning which supports a wide variety of uses at this development

Price	$1,289,830 - $18,613,198 CAD
Sale Type	Investment
Sale Conditions	Build to Suit Lease Option Redevelopment Project
No. Lots	2
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Office Mixed Use Multifamily Hospitality Auto Repair Bank Bar Carwash Tienda de conveniencia Fast Food Healthcare Hotel Medical Neighbourhood Centre Restaurant Storefront, Retail or Residential Strip Centre Veterinarian or Kennel
Total Lot Size	31.35 AC
No. Stories	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C-2 - commercial zoning which supports a wide variety of uses at this development

2 LOTS AVAILABLE

Lot 1

Price	$17,323,368 CAD	Lot Size	30.34 AC
Price Per AC	$570,974.54 CAD

Price	$17,323,368 CAD
Price Per AC	$570,974.54 CAD
Lot Size	30.34 AC

44.26 acres of land net in the Reuben Hendrix Survey, Abstract No. 504, Grayson County, Texas; and being in the City of Sherman, Texas. Addressed by the City of Sherman generally as 3201 Texoma Parkway. Grayson County Parcel # 154909, 154913, 154914

Lot 1

Price	$1,289,830 CAD	Lot Size	1.01 AC
Price Per AC	$1,277,059.52 CAD

Price	$1,289,830 CAD
Price Per AC	$1,277,059.52 CAD
Lot Size	1.01 AC

1 acre pad site. Located in a qualified opportunity zone - meant to encourage development by deferring and eliminate capital gains for commercial real estate investors.

DESCRIPTION

Former Sher-Den mall redevelopment in Sherman, TX. Strategically located in the heart of regional population and major thoroughfares. Located in a Qualified Opportunity Zone which can defer and/or eliminate capital gains taxes for commercial real estate investors. Prime location for investment or development of multiple uses. Pre-approved permitted multi family site plan in place for 730 apartments. QuickTrip, Club Car Wash and Grandys have already closed on pad sites at this development. Total of 44.26 acres of land. Extensive highway and surface street frontage. Texas instruments is under construction on a $30 billion semiconductor wafer fabrication plan with 3,000 new jobs (largest economic development investment in Texas). Globitech is brining 1,500 new jobs and $5 Billion in new investment. Apple (Finisar) is investing in a fab plant as well. Property can be easily divided into pad sites for office, retail, restaurants and apartments. Pricing dependent on size and pad site location. Prime location positioned to take advantage of the rapid growth North from the DFW metroplex, which is located 30 minutes to the South. This site offers quick and convenient access to Texoma Parkway and Hwy 82. All utilities are available to the site - water, sewer, electric, storm sewer, spine roads, etc. Rapid population growth of 10% annually since 2010. Solid future development potential based on location, superior infrastructure and major employers expanding rapidly.