Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1956
Sq.Footage
8,472
Built in 1956, this landmark mixed-use building offers approximately 8,472 square feet at a prominent gateway to Downtown Sherman along Lamar Street.? Rich in architectural character, the property presents exceptional potential for investment, redevelopment, and adaptive reuse.? 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.?
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block, Brick
-
Parking
Parking Lot, Private
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.228
-
Lot Size(square feet)
9,931
-
Property Type
Commercial Sale
-
Property Sub Type
Retail
Price
-
Sales Price
$1,750,000
-
Tax Amount
$17,345
-
Financing Options
1031 Exchange, Cash, Conventional
-
Zoning
Commercial / Residential Loft
-
Sq. Footage
8,472
-
Price/SqFt
$206
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Foundation Details
Slab
-
Sewer
Public Sewer
-
Tax Lot
15
-
Water Source
Public
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Location
County
Grayson
Elementary School
Middle School
High School
Listing Courtesy of Josh Long, CAPROCK Real Estate Advisors LLC
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AGENT
Joe Boston
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