PRIME LOCATION! This tract is strategically located on the same road 1 mile west from the $30B Texas Instruments expansion. At the corner of Shepherd Rd. and Farmington Rd. this 90.89 acre tract is poised to capitalize on the population influx from DFW along with the many jobs created by the Texas Instruments development and chip manufacturing boom taking place in southern Sherman spearheaded by Global Wafers. HEB recently announced acquisition of a 20 acre site very close by. Many new developments coming nearby including Centurion American's Cottonwood development on FM 902, Shepherd's Place master planned community at Shepherd Road and Hwy. 75. With an available 20 inch groundwater line running along Farmington and a 36 inch sewer line located approximately 1 mile east at Texas Instruments. this site has much potential. In preparing for this growth, a portion of Shepherd Rd. has been recently updated to a 4 lane road and median. Many new developments are shaping up the surrounding area and this tract is next. Seller will consider owner financing. Call us for any questions.
MORTGAGE CALCULATOR
$39,065
Estimate only — not a loan offer. Consult a lender for actual terms.
LISTING SNAPSHOT
Price$7,725,650
Bedrooms0
Full Baths0
Half Baths0
Inside Area (SqFt)N/A
Lot Size90.89 Acres
Year Built0
MLS® Number20983252
StatusActive
Property Tax169
HOA/Condo/Coop FeesN/A
GENERAL
Acres90.89
Additional Property UseAgricultural
Land LeaseYes
Property Sub TypeUnimproved Land
Special CircumstancesStandard
UtilitiesElectricity Available
Water SourcePublic
ZoningUnzoned and inside city limits
EXTERIOR
Road FrontageCity Street, County Road
COMMUNITY
Financing Terms AvailablePrivate Financing Available
RoadsAsphalt, Gravel
School DistrictHowe ISD
SCHOOLS
School DistrictHowe ISD
Elementary SchoolSummit Hill
Middle SchoolHowe
High SchoolHowe
RECENT ACTIVITY
December 11, 20257725650
June 27, 2025Active
Listing courtesy of Butch Fife, REALTORS (903-891-3066)
Listing courtesy of Greg Fife of Butch Fife, REALTORS gfife79@hotmail.com
© 2020 North Texas Real Estate Information Systems. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumer's personal, non-commercial use, and may not be reproduced, redistributed, or used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Last checked: 2026-07-15 08:51 AM CDT
© 2020 North Texas Real Estate Information Systems. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumer's personal, non-commercial use, and may not be reproduced, redistributed, or used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Last checked: 2026-07-15 08:51 AM CDT
Comps
An estimate is not available for this listing.
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