000 Friendship Road
Sherman, TX, 75092
$
4,084,080
Baths0.0
Monthly Estimate*
$
25,787
Studio for $4,084,080. The lot size is 68.642.
68.642 Acres of Development Land in Sherman, Texas -- City Water, City Sewer & Electricity Available
Rare 68.642-acre development opportunity in Sherman, Texas, positioned in one of North Texas' rapidly growing markets. This expansive tract offers an exceptional combination of size, location, frontage, and utility availability, making it an attractive opportunity for land developers, residential developers, multifamily investors, builders, investors, and future development projects.
The property features over 1,400 feet of frontage along Friendship Road and is located approximately one-third of a mile from Hwy 56 (Houston Street), providing convenient access to major transportation corridors including FM 1417, US Highway 75 and Highway 82. The property is situated within the Sherman city limits and is surrounded by existing residential development, creating an excellent setting for continued growth and potential future development.
One of the property's strongest advantages for developers is the availability of city water, city sewer, and electricity, along with asphalt road access. Having major utilities available in the area can significantly enhance the property's development potential and provide a major advantage over large acreage tracts requiring private wells, septic systems, or extensive utility extensions.
Potential uses including residential development, single-family development, multifamily development, subdivision, and general development. The property is currently vacant, offering a developer a blank canvas for future planning.
Located in Sherman ISD, the property benefits from its proximity to established neighborhoods and the continued expansion of the Sherman area. Its combination of 68+ acres, substantial road frontage, city utilities, strategic location, and surrounding development makes this a property worth serious consideration for investors seeking North Texas development land.
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Features
General
Development Status
City Limits
Utilities
City Sewer
City Water
Electricity Available
Possession
Closing/Funding
current use
Investment
Unimproved
Vacant
Restrictions
Building
School District
Sherman ISD
AG Exemption
N
Property Subtype
Unimproved Land
Subdivision Name
none
Occupant Type
Vacant
County
Grayson
Property Type
Land
HOA Type
None
Status
Active
Directions
** USE 100 Friendship Road
Sherman
TX as a gps reference point.***
City
Sherman
Elementary School Name
Henry W Sory
High School
Sherman
Elementary School
Henry W Sory
Standard Status
Active
Listing Terms
1031 Exchange
Cash
Conventional
Federal Land Bank
USDA Loan
Other
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Exterior
Waterfront
0
Lot Features
Acreage
Few Trees
Lot Size
50 to =< 100 Acres
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* Excluded Features
List By
Corey Jones
Listing Agent
Keller Williams Prosper Celina
Broker
Affordability Calculator
- Monthly Principal & Interest
- $25,787
- Monthly Property Taxes
- $1,953
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save
Nearby
Lots and land listings in Sherman, TX
Average List Price
$1,417,584
Percent of Sale Price
65%
About Sherman, TX
40,917
Population
14%
Since 2002
$
44,725
Median Income
34.63
Median Age
30%
Households with Children
Trends Information provided by ATTOM Data Solutions.
286495
Elementary School
3672418
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
9/15/2026
|
$4,084,080
|
|
Listed Price
|