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$60,000

000 N Cleveland Avenue, Sherman, TX, 75090

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Baths0 Bath
Unimproved LandUnimproved Land

About this property

Exceptional corner lot located in a quiet, established residential neighborhood in Sherman, Texas—just a short distance to Austin College. This property features an approved plat to divide into two separate buildable lots, creating a rare and attractive investment or development opportunity. Combined, the two lots total approximately 0.23 acres, offering excellent potential for new construction, duplex development (verify with city), or resale. Ideal location near downtown Sherman, shopping, dining, schools, and everyday conveniences with easy access to major roadways. Whether you're a builder, investor, or future homeowner looking to build near Austin College, this property offers flexibility and long-term value. Legal Description: College Park Addn, Block 37, Lot W 100’ 5&6

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$360 /month
Positive
Cash Flow Estimate:
$120 /month

Interested in this property?

Nicole Donaho

Ox Realty Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Sherman

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000 N Cleveland Avenue | Property Details | No Agent List