9,931 Sqft Lot
9,931 Sqft Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Loving A R Add
MLS Listing ID 21391599
Total Fin. Sqft 8472
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
Heat Source Central
Exterior
Utilities Available City Sewer, City Water, Electricity Connected, Master Gas Meter
Roof Type Shingle
Garage No
Building
Foundation Slab
Structure Type Block,Brick
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21391599
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