TRACT 1 of 2. This is an amazing property for someone looking for a place to build that dream home or wanting a buy and hold investment property. This corner tract has a tremendous amount of road frontage and with approximately 610' on One Mile Lane, 491' of frontage on FM Highway 697, and 581' on Milo Road. It is located just a short distance to US Highway 69 giving access to the heavy growth areas of the Sherman, Denison, and the new expanding Texas Instruments. There is currently an agriculture tax exemption on the property with the present tenant farmer in place using the property for hay production. Restrictions; no mobile homes. Tract 2 is 14 acres and lays due north of this property. The MLS number for TRACT 2: 20352358.