4381 N Loy Lake RD Sherman, TX 75092
3,112 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 3,112 sqft
Price per Sqft $3,223
Subdivision G-1553
MLS Listing ID 21368995
Construction Status Resale
HOA Y/N No
Year Built 1976
Annual Tax Amount $7,711
Lot Size 23.030 Acres
Acres 23.03
Property Sub-Type Unimproved Land
Property Description
Capitalize on the rapid growth of the North Texas, Silicon Prairie, with this premier 23-acre development opportunity. Located within the Sherman city limits and just an hour north of Dallas, this highly visible tract features dual frontage on both U.S. Highway 75 and Loy Lake Road, ensuring maximum exposure and accessible ingress and egress.
Strategic Location: Situated in a high-growth corridor just north of Sherman Town Center and the new Courtyard by Marriott. It sits exactly 10 miles north of the massive Texas Instruments and Globiwafer multi-billion dollar manufacturing plants, and 10 miles south of the Oklahoma border.
Favorable Zoning & Utilities: Zoned R-6 (Residential) within the City of Sherman, with city utilities available, including a city gravity sewer line on the north side of the property and a 12 inch water line running along hwy 75. 1198' road frontage on Hwy 75 and 822' road frontage along Loy Lake Rd.
Maximum Tax Incentives: Positioned within Opportunity Zones 1.0 and 2.0, providing developers and investors with exceptional long-term tax advantages.
Ready for Due Diligence: A complete property survey is available upon request to help accelerate your project timeline.
Whether you are looking to develop a master-planned residential community, high-density housing, or pursue a commercial variance in a booming submarket, this acreage offers the location, infrastructure, and financial incentives to maximize your return on investment. Contact us today to review the survey and secure this exceptional piece of the Texas growth engine.
Location
State TX
County Grayson
Zoning Commercial
Direction North on Hwy 75. Take Loy Lake exit and turn left onto Loy Lake. Cross over Hwy 75. Property is on the right.
Interior
Inclusions Land & Improvements
Fireplace No
Exterior
Utilities Available Electricity Connected, Overhead Utilities, Sewer Available, Septic Available, Water Available
Water Access Desc Public
Road Frontage City Street, Highway
Private Pool No
Building
Lot Description Acreage, Many Trees
Story 1
Sewer Public Sewer, Septic Tank
Water Public
Construction Status Resale
Others
Tax ID 115713
Acceptable Financing Cash, Conventional, 1031 Exchange, Owner Will Carry, Other
Listing Terms Cash, Conventional, 1031 Exchange, Owner Will Carry, Other
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21368995