BUY and HOLD or DEVELOP now - shovel ready!. Excellent 10.2 acre tract located on the west side of quickly growing Bonham on FM 87 has potential for use as a commercial, warehouse or residential and agricultural or a great buy and hold opportunity - no restrictions.. This property is a hard corner and Future Thoroughfare Plan shows Russell Avenue taking the place of the current CR 1535. New 12 inch waterline across CR 1535 to the south.. Approximately 1150 feet of road frontage on paved FM 87 PLUS frontage of CR 1535. Property is located 700 feer south of US HWY 82, 2 miles north of State HWY 56 and 2.3 miles west of State HWY 121 outside of Bonham’s city limits but within its ETJ. Businesses already located on FM 87 include Fannin Electric Cooperative’s new multi-million dollar headquarters across FM 87 to the southeast as well as a paint facility just to the south, a transfer facility and a fertilizer production facility. Property currently has an agricultural tax exemption.