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West Travis Street - 10.16+/- Acre Multifamily Site | Sherman, TX 10.16 Acres of Residential Land Offered at $6,281,640 CAD in Sherman, TX 75092
INVESTMENT HIGHLIGHTS
- The 10.16+/- acre Site is well located along West Travis Street less than half a mile west of US-75 and 4.5 miles south of US-82.
- According to Ownership, the City of Sherman is actively working towards bringing sewer to the Site.
- According to CoStar, multifamily properties in Sherman are achieving average effective rents up to $1.80 psf.
- The Site is zoned MF-30 which allows for a density of 30 units per acre for up to 304 developable units.
- According to the 2022 U.S. Census Bureau, the City of Sherman has a population of approximately 45,264, which was in increase of 17.5 percent in the l
EXECUTIVE SUMMARY
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer developers and investors the opportunity to purchase a 10.16+/- acre zoned multifamily development site located along West Travis Street in Sherman, TX (the “Site”). The zoning allows for 30 units per acre density for up to 304 units.
The Site is accessible via West Travis Street and less than half a mile west of US-75. This intersection boasts multiple national retailers such as Starbucks, McDonald’s, Whataburger, as well as a recently announced future HEB store which will be directly across the street. This offering is exceptionally well-located and is a great opportunity to acquire a zoned multifamily parcel at an attractive reduced price of only $14,803 per developable unit, decreased from $16,118 per developable unit.
To gain access to the Due Diligence Vault click on the link below:
https://docsend.com/view/s/iicr58nc4a7biyge
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.
The Site is accessible via West Travis Street and less than half a mile west of US-75. This intersection boasts multiple national retailers such as Starbucks, McDonald’s, Whataburger, as well as a recently announced future HEB store which will be directly across the street. This offering is exceptionally well-located and is a great opportunity to acquire a zoned multifamily parcel at an attractive reduced price of only $14,803 per developable unit, decreased from $16,118 per developable unit.
To gain access to the Due Diligence Vault click on the link below:
https://docsend.com/view/s/iicr58nc4a7biyge
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.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $6,281,640 CAD | Lot Size | 10.16 AC |
| Price Per AC | $618,271.67 CAD |
| Price | $6,281,640 CAD |
| Price Per AC | $618,271.67 CAD |
| Lot Size | 10.16 AC |
1 1
CONTACTS
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Jordan Cortez -
Mason John -
Justin Tidwell -
Reid Pierce -
Haley Birmingham -
Will Droese -
Alex Johnson -
Tim Marron -
Vanguard Real Estate Advisors
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West Travis Street - 10.16+/- Acre Multifamily Site | Sherman, TX
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