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661 Fm 902

Sherman, TX 75090
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47.07 Lot Acres
Land / Unimproved Land

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Description

Position your next venture in the direct path of North Texas’s rapid expansion. This spectacular 47-acre tract of premium raw land offers an unmatched combination of immediate financial advantages and massive long term development flexibility. Featuring expansive, high visibility road frontage along heavily traveled FM 902, the property serves as a blank canvas ready to be tailored to your vision. The land currently benefits from a valuable, active agricultural exemption, keeping your annual holding costs remarkably low while you finalize engineering, secure permits, or hold for future appreciation. While presently utilized for agriculture, its strategic location, level topography, and excellent accessibility make it an ideal candidate to be easily rezoned for commercial use. Whether your goal is to develop a retail center, establish a light industrial facility, construct a high demand storage complex, or capitalize on a mixed-use master plan, this acreage can accommodate it all. For residential buyers and developers, this massive acreage also presents a rare chance to subdivide into premier ranchette lots or build a sprawling, private luxury estate within the highly regarded Tom Bean ISD. Free from restrictive city constraints and positioned perfectly within Grayson County, this raw land offers the space, freedom, and utility to execute a wide variety of profitable projects. Opportunities of this scale with such clear commercial versatility are becoming increasingly rare in this fast growing market. Don't wait to capitalize on the growth moving up the corridor—schedule your property tour today and claim your piece of Texas future!

MLS#
NTREIS-21403358
List Price
$2,256,000
Listing Status
For Sale
Address
661 Fm 902
City
Sherman
State
TX
Zip Code
75090
County
Grayson County
Subdivision
G-0773 MORGAN GEORGE A-G0773
Legal Description
G-0773 MORGAN GEORGE A-G0773, ACRES .88
Property Type
Land / Unimproved Land
Lot Size
47.07 Lot Acres/PUBREC
LP / Acre
$47,925 / Acre
Road Frontage
FM

Exterior

Lot Description
Acreage
Utility
Electricity Not Available
Road Surface
FM Road

Lot Information

Lot Size
47.07 Lot Acres /PUBREC
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy
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Information source

North Texas Real Estate Information Systems, Inc.
Source last updated Oct 15, 2026 at 02:07 PM
Listing last updated Oct 7, 2026 at 12:11 AM
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Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Notice & Disclaimer
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
Copyright© 2026 , HOUSTON REALTORS® INFORMATION SERVICE, INC. All Rights Reserved. Data Not Verified/Guaranteed by MLS
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