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.
Lot/land
$4,084,080
0 Friendship Rd, Sherman, TX 75092
--beds
--baths
68.64Acres
Unimproved Land
Built in ----
68.64 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Asphalt road access
- 2 days
- 17
- 0
Zillow last checked:
Listing updated:
Listed by:
Corey Jones 0773339 972-382-8882,
Keller Williams Prosper Celina 972-382-8882
Source: NTREIS,MLS#: 21381245
Facts & features
Interior
Video & virtual tour
Property
Lot
- Size: 68.64 Acres
- Features: Acreage, Few Trees, City Lot
Details
- Parcel number: 122465
- Zoning description: R-1
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Sewer Available, Water Available
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Sherman
Financial & listing details
- Annual tax amount: $23,438
- Date on market: 9/15/2026
- Cumulative days on market: 2 days
- Listing terms: Cash,Conventional,1031 Exchange,Federal Land Bank,Other,USDA Loan
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/15/2026 | Listed for sale | $4,084,080+322.8% |
Source: NTREIS #21381245 Report a problem | ||
| 5/19/2021 | Listing removed | -- |
Source: NTREIS #14327103 Report a problem | ||
| 1/11/2021 | Listed for sale | $965,900 |
Source: NTREIS #14327103 Report a problem | ||
| 7/31/2020 | Listing removed | $965,900 |
Source: Prosper ; Celina Office #14327103 Report a problem | ||
| 5/10/2020 | Listed for sale | $965,900+453.7% |
Source: Ebby Halliday Realtors #14327103 Report a problem | ||
| 1/1/2015 | Listing removed | $174,450 |
Source: Keller Williams Realty Plano #11923486 Report a problem | ||
| 7/8/2014 | Listed for sale | $174,450 |
Source: Keller Williams Realty #11923486 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: 75092
Nearby schools
Schools provided by the listing agent
- Elementary: Henry W Sory
- Middle: Piner
- High: Sherman
- District: Sherman ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






