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5051 N Loy Lake Rd - 5051 N. Loy Lake Rd

40 Acres of Residential Land Offered at $8,000,000 in Sherman, TX 75092

Residential Land & Home Lots Texas Sherman 5051 N Loy Lake Rd, Sherman, TX 75092

INVESTMENT HIGHLIGHTS

  • Less than 1/2 mile from HWY 75 and 1.4 miles from Texoma Medical Center

EXECUTIVE SUMMARY

Excellent development opportunity. Less than 0.5 miles from HWY 75. 1.4 miles from Texoma Medical Center. Currently, ag exempt, grow Bermuda hay. Zoned SF-1 minimum of 6,000 sq feet lot size. Can also be developed to one-acre lots. Within Sherman city limit and in an opportunity zone. No flood plain. Rolling Terrain includes a pond and creek running through scattered woods. Stunning views from the hilltop. Buyer to pay rollback taxes if current use is changed. Buyer, buyer agent to confirm sewage and water utilities at the site. ESA phase 1 is complete. New survey less than one-year old available. Buyer, Buyer agent to confirm the information provided.

PROPERTY FACTS

Price $8,000,000 Property Subtype Residential
Sale Type Investment Proposed Use
Hold For Investment
  • Single Family Development
No. Lots 1 Total Lot Size 40.00 AC
Property Type Land Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $8,000,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Hold For Investment
  • Single Family Development
Total Lot Size 40.00 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 LOT AVAILABLE

Lot

Price $8,000,000 Lot Size 40.00 AC
Price Per AC $200,000.00
Price $8,000,000
Price Per AC $200,000.00
Lot Size 40.00 AC

Rolling Terrain includes a pond and creek running through scattered woods. Stunning views from the hilltop.

DESCRIPTION

Excellent development opportunity. Currently, ag exempt, grow Bermuda hay. Zoned SF-1 minimum of 6000sq feet lot size. Can also be developed to one-acre lots. Within Sherman city limit and in an opportunity zone. No flood plain. Rolling Terrian includes a pond and creek running through scattered woods. Stunning views from the hilltop. Buyer to pay rollback taxes if current use is changed. Buyer, buyer agent to confirm sewage and water utilities at the site. ESA phase 1 is complete. New survey less than one-year-old available. Please look at the transaction desk for documents. Buyer, Buyer agent to confirm the information provided.

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PROPERTY TAXES

Parcel Number 259492 Improvements Assessment $0
Land Assessment $0 Total Assessment $1,361

PROPERTY TAXES

Parcel Number
259492
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,361

ZONING

Zoning Code SF1 (Ag or SFR)
SF1 (Ag or SFR)
(214) 300-8162

CONTACTS

  • Listing ID: 27809005

  • Date on Market: 2/22/2023

  • Last Updated:

  • Address: 5051 N Loy Lake Rd, Sherman, TX 75092

More public record information on 5051 N Loy Lake Rd, Sherman, TX 75092

The Land Property at 5051 N Loy Lake Rd, Sherman, TX 75092 is currently available for sale. Contact Beam Real Estate, LLC for more information.

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5051 N Loy Lake Rd - 5051 N. Loy Lake Rd
(214) 300-8162 x

5051 N Loy Lake Rd - 5051 N. Loy Lake Rd

1/2

Jaya Bathina

(214) 300-8162

(214) 300-8162

Mani Jacob

(214) 244-3332

(214) 244-3332

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