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$1,227,500
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Property Description
Positioned directly beside AmeriState Bank, this spacious commercial lot offers exceptional visibility and endless development potential in one of Sherman's rapidly expanding corridors. Ideal for a retail center, professional office building, medical office, or mixed commercial development, this property provides a prime opportunity to bring your vision to life in a high-growth area with strong surrounding businesses and traffic exposure. Architectural designs are subject to seller approval to help maintain the quality and integrity of the development. Please note that financial institutions and residential housing are not permitted; however, office buildings and strip centers are welcome. Rare opportunities like this are becoming increasingly limited in Sherman's booming market. Schedule your showing today and explore the possibilities.
Full Property Details
Full Property Details for 000 N Masters St
General
- Price: $1,227,500
- Taxes: $9,144
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 21251800
- Updated: 6/8/2026
- Added to Site: 26 day(s) ago
Location
- County: Grayson
- Subdivision: Ameristate Central Plaza Rep
- Driving Directions: Use GPS
School Information
- Elem School District: Sherman ISD
- Midd School District: Sherman ISD
- High School District: Sherman ISD
- Elementary School: Perrin
- Middle School: Piner
- High School: Sherman
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Current Bldg. Use: Other
Lot Features
- Lot Size (Acres): 2.817
- Lot Size (Sq. Ft.): 122,708.52
- Lot Size Source: Appraiser
- Lot Features: Acreage, City Lot
- Potential Use: Commercial
- Zoning: Commercial, business
Financial Considerations
- Tax Amount: $9,144
- Terms: Cash, Conventional, 1031 Exchange
Disclosures and Reports
- Documents Avail.: Plat
- Legal Description: AMERISTATE CENTRAL PLAZA REPLT LT 1 & 2 BLK 1
- Property ID: 265719
- Block: 1
- Lot Number: 1
Listed by Keller Williams Realty DPR, Stacey Davidson
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Price & Sales History for 000 N Masters St
Date
Details
Price
Change
Source
5/28/2026
Listed
$1,227,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 000 N Masters St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,162
—
$189,752
—
2023
$4,166
100%
$189,752
—
2022
—
$189,752
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 000 N Masters St
000 N Masters Street, Sherman, TX 75090 (MLS# 21251800) is a Lots/Land property with a lot size of 2.817 acres. 000 N Masters Street is currently listed for $1,227,500 and was received on May 28, 2026. Want to learn more about 000 N Masters Street? Do you have questions about finding other Lots/Land real estate for sale in Sherman? You can browse all Sherman real estate or contact a Coldwell Banker agent to request more information.

