6,098 Sqft Lot
6,098 Sqft Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Otp Sherman
MLS Listing ID 21391565
Total Fin. Sqft 6400
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
Zoning Commercial
Direction See GPS
Interior
Heating Central
Cooling Central Air
Flooring Concrete, Laminate
Heat Source Central
Exterior
Utilities Available City Sewer, City Water, Electricity Connected, Individual Gas Meter, Sidewalk
Roof Type Shingle
Garage No
Building
Foundation Slab
Structure Type Block,Brick,Wood
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21391565
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "