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15.125 acres E Peyton Street Sherman, TX $ 2,995,000
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15.125 acres E Peyton Street
$ 2,995,000
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15.125 acres E Peyton Street

Sherman, TX, 75090
$ 2,995,000
Baths0.0

Monthly Estimate*

$ 18,685

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Studio

Lots and Land for sale in Sherman, TX

for $2,995,000. The lot size is 15.125.

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, or would make a great affordable housing site. 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.

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Lots and Land Active

Price

$ 2,995,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 6

Style

Unimproved Land

Lot Size

15.125

Town/City

Sherman

County/Region

Grayson

MLS | Web ID

20999758
Features
General
Development Status City Limits Plat Approved Zoned
Utilities City Sewer City Water
Possession Closing/Funding
current use Agricultural Development Investment Multi-Family Residential Unimproved
Restrictions Development Easement(s)
School District Sherman ISD
Property Subtype Unimproved Land
Subdivision Name MCANAIR J B
County Grayson
Property Type Land
HOA Type None
Special Notes Aerial Photo Environ. Study Complete Phase I Complete Survey Available
Status Active
Directions Use GPS Request Pin Drop from Listing Agent
City Sherman
Elementary School Name Dillingham
High School Sherman
Elementary School Dillingham
Standard Status Active
Listing Terms Cash Conventional
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Exterior
Lot Features Acreage Cleared
Vegetation Brush Cleared Grassed Partially Wooded
Lot Size Source Assessor
Lot Size 10 to < 50 Acres
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Internal Only
Street Number 1 15
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* Excluded Features
List By
Brian Abadie

Listing Agent

Ready Real Estate Llc

Broker

Affordability Calculator

$18,685
Per Month
100%
0%
0%
Monthly Principal & Interest
$18,685
Monthly Property Taxes
$1
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3436593 Elementary School
3672418 Middle School
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Pricing History
Date Price Price Change Description
7/15/2025 $2,995,000 Listed Price

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15.125 acres E Peyton Street, Sherman, TX, 75090 is a Lots and Land for sale at $2,995,000 with a lot size of 15.125. 15.125 acres E Peyton Street is a studio with 0.0 baths. The property's zip code is 75090 which is in Sherman, TX

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