6,400 SqFt
6,400 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 6,400 sqft
Price per Sqft $179
Subdivision Otp Sherman
MLS Listing ID 21391565
Construction Status Resale
HOA Y/N No
Year Built 1900
Annual Tax Amount $13,156
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Retail
Property Description
The building consists of four separately leasable units, including two highly visible street-front commercial spaces and two luxury residential lofts currently under construction.? One commercial space is leased to a local attorney, providing immediate rental income.?
The two residential lofts may be accessed from the rear parking area or through a street-level stairway.? Once completed, the residences will offer a distinctive downtown living experience with convenient access to Sherman's growing downtown district.?
The commercial spaces provide long-term flexibility for a coffee shop, custom sandwich shop, boutique retailer, salon, or day spa.? The property also offers a professional street-front location ideally suited for a financial advisor, CPA firm, law office, or other professional-services business.?
The City of Sherman continues to support downtown revitalization and may offer attractive incentives for qualifying redevelopment projects.? The property is also located within the Sherman Opportunity Zone, creating potential long-term investment and tax advantages.?
With existing commercial income, two luxury residential lofts, multiple revenue streams, and a prominent downtown location, this distinctive property delivers character, visibility, flexibility, and long-term investment potential.?
Location
State TX
County Grayson
Community Sidewalks
Zoning Commercial
Direction See GPS
Interior
Heating Central
Cooling Central Air
Flooring Concrete, Laminate
Inclusions Building Only, Land & Improvements
Fireplace No
Exterior
Parking Features Additional Parking, Private
Community Features Sidewalks
Utilities Available Electricity Connected, Natural Gas Available, Sewer Available, Separate Meters, Water Available
Water Access Desc Public
Roof Type Shingle
Private Pool No
Building
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Construction Status Resale
Others
Senior Community No
Tax ID 356643
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21391565
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