8,625 SqFt
8,625 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 8,625 sqft
Price per Sqft $127
Subdivision Shannon T J Suppl
MLS Listing ID 21391573
Construction Status Resale
HOA Y/N No
Year Built 1953
Annual Tax Amount $18,701
Lot Size 3,397 Sqft
Acres 0.078
Property Sub-Type Retail
Property Description
The building consists of five separately leasable units, including a highly visible street-front commercial anchor space and four luxury residential lofts currently under construction.?
The commercial space is currently leased to a barber school, providing immediate rental income.?
The four residential lofts may be accessed from the rear parking area or by elevator from the street level.? Each residence will feature a private exterior balcony, creating an attractive downtown living experience.? The commercial space offers long-term flexibility for a restaurant, boutique retailer, salon, day spa, or another creative mixed-use concept.?
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, four 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
Zoning Commercial
Direction See GPS
Interior
Heating Central
Cooling Central Air
Flooring Laminate
Inclusions Building Only, Land & Improvements
Fireplace No
Exterior
Parking Features Parking Lot, Private
Utilities Available Electricity Connected, Sewer Available, Water Available
Water Access Desc Public
Roof Type Shingle
Road Frontage City Street
Private Pool No
Building
Lot Description Interior Lot
Story 3
Foundation Slab
Sewer Public Sewer
Water Public
Construction Status Resale
Others
Senior Community No
Tax ID 161965
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21391573
NEARBY SCHOOL & BUSINESS