This property consists of approximately 103.83 acres located at the intersection of Luella Road and Mary Fitch Road in Grayson County, near Sherman, Texas. The land is comprised of three distinct tax parcels (IDs 129225, 129223, and 129168).

Property Overview

• Total Acreage: 103.83 Acres
• Location: East side of Luella Road and South side of Mary Fitch Road.
• School District: Tom Bean Independent School District (ISD).
• Current Use: Primarily agricultural with an existing 1-d-1 Ag Exemption, which significantly reduces annual property taxes.

Physical Characteristics

• Terrain: The land is described as flat to level, with no portions of the property located within a known flood plain.
• Vegetation: Mostly open, clear land suitable for cultivation, grazing, or future residential development.
• Frontage: The property features extensive road frontage on both Luella Road (western boundary) and Mary Fitch Road (northern boundary).

Investment & Development Potential

The property is positioned in a high-growth corridor between Howe and Tom Bean, approximately 1,911 feet north of the intersection of FM 902 and Luella Road. Its proximity to Highway 75 (approx. 5–7 miles west) and the massive Texas Instruments and GlobiTech expansions in Sherman makes it a viable candidate for:

• Residential Development: Large-lot residential subdivisions or a private estate.
• Buy-and-Hold Investment: Maintaining the agricultural exemption while the Sherman-Howe area continues to expand.
• Continued Agriculture: Ideal for cattle or crop production.