8,472 SqFt
8,472 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 8,472 sqft
Price per Sqft $206
Subdivision Loving A R Add
MLS Listing ID 21391599
Construction Status Resale
HOA Y/N No
Year Built 1956
Annual Tax Amount $17,345
Lot Size 9,931 Sqft
Acres 0.228
Property Sub-Type Retail
Property Description
The building is divided into five separately leasable units, including three commercial spaces and two luxury residential lofts renovated in 2022.? One commercial space is currently leased to an established bail bond company, and one residential loft is also occupied, providing existing rental income.?
The remaining commercial spaces offer flexibility for a restaurant, sports bar and grill, boutique storefront, salon, art gallery, furniture or home décor showroom, or another creative mixed-use concept.? A street-level entrance provides direct access to a distinctive second-story commercial loft ideally suited for a salon, gallery, studio, or professional space.?
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 its existing income, multiple leasable units, renovated residential lofts, and adaptable commercial spaces, this distinctive property delivers location, character, flexibility, and opportunity.?
Location
State TX
County Grayson
Zoning Commercial / Residential Loft
Direction See GPS
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Concrete, Wood
Inclusions Building Only, Land & Improvements
Fireplace No
Exterior
Parking Features Parking Lot, Private
Utilities Available Electricity Connected, Natural Gas Available, Sewer Available, 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
Tax ID 163590
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21391599
NEARBY SCHOOL & BUSINESS