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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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4381 N Loy Lake Rd , Sherman, TX 75092
$10,031,868
Est. Payment: $55,528.58/mo
3112 Sqft
23.03 Acres
Status: active | Days on site: 39
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House Description

Prime 23-Acre Development Tract with Hwy 75 Frontage – Sherman, Texas  Capitalize on the rapid growth of the North Texas, Silicon Prairie, with this premier 23-acre development opportunity. Located within the Sherman city limits and just an hour north of Dallas, this highly visible tract features dual frontage on both U.S. Highway 75 and Loy Lake Road, ensuring maximum exposure and accessible ingress and egress.  Strategic Location: Situated in a high-growth corridor just north of Sherman Town Center and the new Courtyard by Marriott. It sits exactly 10 miles north of the massive Texas Instruments and Globiwafer multi-billion dollar manufacturing plants, and 10 miles south of the Oklahoma border. Favorable Zoning & Utilities: Zoned R-6 (Residential) within the City of Sherman, with city utilities available, including a city gravity sewer line on the north side of the property and a 12 inch water line running along hwy 75. 1198' road frontage on Hwy 75 and 822' road frontage along Loy Lake Rd. Maximum Tax Incentives: Positioned within Opportunity Zones 1.0 and 2.0, providing developers and investors with exceptional long-term tax advantages. Ready for Due Diligence: A complete property survey is available upon request to help accelerate your project timeline. Whether you are looking to develop a master-planned residential community, high-density housing, or pursue a commercial variance in a booming submarket, this acreage offers the location, infrastructure, and financial incentives to maximize your return on investment. Contact us today to review the survey and secure this exceptional piece of the Texas growth engine.

Highlights

Listed by ROBIN PHILLIPS , Compass RE Texas, LLC. , North Texas Real Estate Information Systems

Property Type

Commercial Sale

Lot/Acreage
23.03

Year Built

1976

County

Grayson

Neighborhood

G-1553

Listing ID

21368995

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Interior Features

Exterior Features

Lot:Acreage,Many Trees,10 to < 50 Acres
Zoning:Commercial
Others:
  • ▪ Additional:Preowned
Principal Interest
$55,529
Taxes
$643

Home Price

$10,031,868

Loan Details

30 yrs
7.393%

Down Payment

20%
$2,006,374
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$55,528.58

Principal

Taxes

Principal Taxes HOA Total
Monthly $55,528.58 $642.58 $0.00 $56,171.17
Yearly $666,343.00 $7,711.00 $0.00 $674,054.00
Total $19,990,289.92 $231,330.00 $0.00 $20,221,619.92

Today's Rates

30 Year

7.39%

20 Year

7.2%

15 Year

6.63%

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Market insight data is pulled from the same city as the listing being viewed (Sherman, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-10T16:04:52.320Z

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