This exceptional 15.125 acre Development Site within an OPPORTUNITY ZONE, in Sherman, TX is zoned MF-30 and fully approved by the City for a 300-unit multifamily community. A rare, shovel-ready opportunity, the property consists of four contiguous parcels with all utilities available. Ideal for high-density multifamily, build-to-rent (BTR), townhomes, or duplexes, or would make a great affordable housing site. The mostly flat topography is lined with mature trees for privacy, and a narrow floodplain separates the site, making it ideal for blending multiple product types or developing a unified large-scale complex. Survey, Topo, Phase I Environmental reports, and a conceptual engineering MF and Townhome Site Plan. Located only a half mile from US-75 and US-82, this premier site offers exceptional access, visibility, and long-term growth potential. Ag Exempt.

Based on information submitted to North Texas Real Estate Information Services as of May 14, 2026 8:31 PM EDT. All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Tbd E Peyton Street, Unit 15.125 acresSherman, TX 75090Price: $2,997,500

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East Dallas

Tbd E Peyton Street, Unit 15.125 acresSherman, TX 75090Price: $2,997,500

$/month over payments

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Property Details of Tbd E Peyton Street, Unit 15.125 acres

Property Details

Basic Information

Location

Water

Exterior Features

Features

Community

Schools

Area

Map Location

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Hi there! How can we help you?

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