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$550,000
Est. payment /mo
19.16 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Roberts
MLS Listing ID 21372841
HOA Y/N None
Annual Tax Amount $6,276
Lot Size 19.161 Acres
Acres 19.161
Property Sub-Type Unimproved Land
Property Description
Positioned in a high-growth corridor of Texoma, this 19.16-acre tract in Denison offers a compelling opportunity for land investors, developers, farmers, ranchers, and 1031 exchange buyers. Located adjacent to North Texas Regional Airport, the property combines current income potential, agricultural use, and long-term commercial or industrial development upside. The fully fenced acreage is currently utilized for cattle grazing and features a pond, providing functional pasture for livestock and continued agricultural use. The owner is currently in year 4 of the 5-year process toward establishing an agricultural exemption through cattle grazing, offering a potential path to lower property taxes and reduced long-term holding costs. Two metal storage buildings are currently leased, creating immediate rental income and helping offset carrying costs for a buy-and-hold or land-banking investor. With existing agricultural use, fencing, water, and income-producing improvements, the property can remain productive while future development opportunities are evaluated. Its location near North Texas Regional Airport places the acreage in the path of continued growth and expanding commercial, industrial, aviation, and infrastructure investment throughout the Sherman-Denison market. Whether you're searching for investment land, cattle acreage, income-producing property, a 1031 exchange opportunity, future development land, or a strategic land-banking acquisition, this tract provides multiple uses today with significant long-term potential.
Location
State TX
County Grayson
Zoning Residential
Direction From FM 691 and FM 1417, Take 691 West, Turn South onto SE Loop follow around.
Exterior
Fence Barbed Wire
Utilities Available All Weather Road, Well
Garage No
Building
Lot Description Acreage
Schools
Elementary Schools Pottsboro
Middle Schools Pottsboro
High Schools Pottsboro
School District Pottsboro Isd
Others
Restrictions No Known Restriction(s)
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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Listed by Cory Meals • eXp Realty LLC
NEARBY SCHOOL & BUSINESS
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