About This Home

This land at Friendship Road in Sherman, TX is listed for $4,084,080 (68.64 acres).

Key Features

  • 68.64 acre lot
Listing Description

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 attract

ive 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.

Location

Friendship Road

Sherman, TX 75092

Questions & Answers

This 0-bedroom, 0-bathroom land at Friendship Road is listed at $4,084,080. The estimated monthly payment is $21,842 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 68.64 acre lot.

This property is listed by Corey Jones and can be reached at (972) 382-8882.

CJ

Corey Jones

Agent at Keller Williams North Country

(972) 382-8882
Agent website

Listed by Keller Williams North Country · Broker phone: (972) 382-8882 · View on Broker Site · Broker website

MLS# 21381245· Source: North Texas Real Estate Information Systems, Inc.· 7 days on PropertySimple

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Friendship Road, Sherman, TX 75092

Open this listing in: