$5,500,000
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592 Luella Road Sherman, TX 75090
29 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
Subdivision W Bailey Surv Abs #064
MLS Listing ID 20552003
Sold Date 07/18/24
HOA Y/N None
Year Built 1961
Annual Tax Amount $3,691
Lot Size 29.000 Acres
Acres 29.0
Property Description
1500 feet from the Billion Dollar Bel Air Lagoon Development!! County property with City Utilities (water and Sewer). located in the hot market of Sherman Texas. This property sits in the middle of major upcoming development with Lennar building next door (400 plus single family units), Multi Family coming across the street in both directions. This property is a great opportunity for either Multi Family (300 plus units) or Mini Storage facility. Again, No City oversight yet the property has City water and City Sewer. Purchase would include all 29 acres. Agent is co-owner of the property.
Location
State TX
County Grayson
Zoning City Water and City Sewer, However this property is county piece of land. NO ZONING REQUIRED!! Developers Dream Scenario
Direction 75 north exit 1417 go east about 1 minute turn right on Luella, southeast corner of Luella and Cliff Hestand Road
Exterior
Fence None
Utilities Available Alley, City Sewer, City Water
Waterfront 1
Waterfront Description Creek
Street Surface Asphalt
Lot Frontage 2000.0
Garage No
Building
Lot Description Acreage, Corner Lot, Few Trees
Schools
Elementary Schools Dillingham
Middle Schools Sherman
High Schools Sherman
School District Sherman Isd
Others
Restrictions No Mobile Home
Ownership Hakuna Matata Investments
Acceptable Financing 1031 Exchange, Cash, Conventional, Other
Listing Terms 1031 Exchange, Cash, Conventional, Other
Financing Cash
Special Listing Condition Owner/ Agent
Read Less
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Bought with Thomas Ricci • Coldwell Banker Apex, REALTORS