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$ 950,000
Est. payment /mo
New
202-221 N Walnut Street #202-21 Sherman, TX 75090
10,585 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Shannon T J Suppl
MLS Listing ID 21391584
Total Fin. Sqft 4400
Year Built 1920
Annual Tax Amount $11,266
Lot Size 10,585 Sqft
Acres 0.243
Property Sub-Type Retail
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.?
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.?
Location
State TX
County Grayson
Zoning Commercial
Direction SEE GPS
Interior
Heating Central
Cooling Ceiling Fan(s)
Flooring Concrete
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/21391584
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Listed by Josh Long • CAPROCK Real Estate Advisors LLC