202-221 N Walnut St Unit 202-21, Sherman, TX 75090
- $950,000
- List Price
- $950,000
- MLS#
- 21391584
- Status
- ACTIVE
- Type
- Commercial
- Subtype
- CommercialSale
- Year Built
- 1920
- Construction Status
- Preowned
- Acres
- 0.24
- County
- Grayson
- City
- Sherman
- Subdivision
- Shannon T J Suppl
Property Description
Built in 1920, this landmark commercial building offers approximately 4,400 square feet along North Walnut Street, just one block from Sherman’s historic Downtown Square.? The property presents an exceptional opportunity for investment, professional office use, redevelopment, or adaptive reuse.? The building is divided into four separately leasable commercial suites, all of which are currently occupied, providing immediate rental income.? Three of the four suites have been renovated within the past three years, offering updated professional spaces while preserving the building’s historic character.? The property also includes eight private parking spaces at the rear of the building—a valuable amenity in Downtown Sherman.? 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 full occupancy, multiple income-producing suites, recent renovations, private parking, and a prominent downtown location, this distinctive property offers an exceptional opportunity to invest in the continued growth of Downtown Sherman.?
Additional Information
- Unexempt Taxes
- $11,266
- Tenant Pays
- None
- Lot Size
- 10,585
- Acres
- 0.24
- Flooring
- Concrete
- Foundation
- Slab
- Roof
- Shingle
- Building Stories
- 1
- Parking Garage
- Parking Lot, Private
- Possession
- CloseOfEscrow
- Proposed Use
- Office, Retail
- Inclusions
- Building Only, Land & Improvements
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Listing courtesy of Josh Long from CAPROCK Real Estate Advisors LLC. Contact:
Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
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