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7301 U.S. 75
Sherman, TX 75090

$15,041,268 USD

Land For Sale  •  53.4 AC

Property Details

  • Property Type Land
  • Lot Size 53.4 AC
  • Zoning Planned Development
10 Walk Score

Description 

Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to present the opportunity to purchase a 23.4+/- acre Build-to-Rent Site and a 30+/- acre Multifamily Site that are part of a larger master planned community called Shepherd’s Place, located at the southwest corner of US-75 and Shepherd Road in Sherman, TX. The Site is zoned under the Shepherd’s Place planned development, a 531+/- acre community, which will also include, but not limited to, 60+/- acres of retail, 20+/- acres of office, 941 single family lots, 24+/- acres of townhomes, and 7+/- acres of hospitality. 

Please note, Ownership would consider subdividing the 30+/- acre Multifamily Site into two 15+/- acre tracts, and the Build-to-Rent Site can also be developed as multifamily; all the sites can be purchased individually.

Highlights

Shepherd’s Place is ideally situated at the SWC of US-75 and Shepherd Rd making the Site ideal in regard to connectivity and ease of travel.
Shepherd’s Place is across Shepherd Road from Texas Instruments and three and a half miles from the GlobiTech semiconductor chip facility.
The Site is approximately 3 miles south of the intersection of FM 1417 and US 75 which boasts several retailers and restaurants.
Ownership has indicated they anticipate delivering the Spine Road and utilities to each tract within 18 months of closing.
The master planned community will also have 941 Single Family Lots, 60 acres of Commercial, 24 acres of Townhomes, and 7 acres of Hospitality.
The Build-to-Rent Tract and Multifamily Tracts have flexible base zoning allowing for up to 40 units to the acre by right.

Property Flyers

Jordan Cortez 214-556-1951 Vanguard Real Estate Advisors
Jordan Cortez 214-556-1951 Vanguard Real Estate Advisors