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Grayson, US
39.78 Acres + 1 Acre Residential Parcel — Major Arterial Corridor Land — 3 Miles to Future Dallas North Tollway — Utilities in Place — No Deed Restrictions —
Strategically positioned along FM 901 (Major Arterial) just 1,300 feet from HWY 56 and approximately 3 miles from the planned Dallas North Tollway extension, this 39.78-acre ag-exempt tract plus adjoining 1-acre residential parcel presents a rare long-term investment opportunity in the path of North Texas growth.
Located at 3601 Old Sherman Rd (#FM901) and 7074 FM 901 in Whitesboro, this offering provides frontage, access, flexibility, and future positioning rarely available in one package.
Key Highlights:
• Seller Financing Option
• 39.78 acres Ag-Exempt farmland
• Power and Water onsite
• No deed restrictions
• Frontage along FM 901
• Approx. 1,300 ft from HWY 56
• ~3 miles from future Tollway
• Subdivision potential (1, 2, 3, 5+ acre tracts per county guidelines)
Utilities:
Served by Two-Way SUD with two water meters on FM 901, 9” main along FM 901 and 5” main along Old Sherman Rd. Electric available at both front and rear of property.
The property includes mapped floodplain along the natural creek corridor, supporting agricultural use and maintaining current ag exemption status, while significant portions remain outside the flood hazard area.
With Grayson County experiencing rapid infrastructure planning and arterial expansion, this tract offers strong potential for residential development, commercial positioning, industrial flexibility, or a strategic long-term hold.
Whether you're an investor seeking corridor appreciation, a developer exploring phased subdivision, or an end user wanting land with upside, this property delivers location, flexibility, and growth alignment.
Opportunities of this size, position, and flexibility along designated major arterials are increasingly limited.
Contact Agent for survey, floodplain documentation, and seller financing structure.
Courtesy Of: eXp Realty LLC
Feature Highlights
- AG Exemption
Public Schools
- School District:
- S and S Cons ISD
- Elementary School:
- S And S
- Middle School:
- S And S
- High School:
- S And S
Exterior Features and Amenities
- Crops:
- Native
- Lot Features:
- Acreage,Few Trees,Varied
- Lot Size:
- 10 to < 50 Acres
- Lot Size Area:
- 40.7770
- Lot Size Units:
- Acres
- Subdivision Name:
- 000
Utility Information
- Utilities:
- All Weather Road,Co-op Electric,Co-op Water,Electricity Not Available,Gravel/Rock,Overhead Utilities,Propane
Financial
- Unexempt Taxes:
- $1,285.00
- Tax Legal Description:
- G-1157 SEBASTIAN FELIX A-G1157, ACRES 39.777
Other Features
- Will Subdivide:
- No
- Unit Number:
- FM901
- Surface Rights:
- Easement
- Soil Type:
- Unknown
- Restrictions:
- No Known Restriction(s)
- Possession:
- Closing/Funding
- Parcel Number:
- 120474
- Easements:
- Electric
Directions
Heading north on US 377 towards Whitesboro. Turn right on Sherman Drive. Make a left onto FM 901. Right onto Old Sherman Rd. Property will be on your right.
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Data last updated: 2026-02-20.
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