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Sherman, TX 75090
$1,100,000

About this home

Built in 1953, this landmark mixed-use building offers approximately 8,625 square feet at a prominent gateway to Downtown Sherman along North Travis Street.? Rich in architectural character, the property presents an exceptional opportunity for investment, redevelopment, and adaptive reuse.?
The building consists of five separately leasable units, including a highly visible street-front commercial anchor space and four luxury residential lofts currently under construction.?

The commercial space is currently leased to a barber school, providing immediate rental income.?
The four residential lofts may be accessed from the rear parking area or by elevator from the street level.? Each residence will feature a private exterior balcony, creating an attractive downtown living experience.? The commercial space offers long-term flexibility for a restaurant, boutique retailer, salon, day spa, or another creative mixed-use concept.?

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, four luxury residential lofts, multiple revenue streams, and a prominent downtown location, this distinctive property delivers character, visibility, flexibility, and long-term investment potential.?

Overview

Full Baths
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Half Baths
0
Bathrooms
0
Bedrooms
0
Building Area
8625
Living Area
0
Lot Size (Acres)
0.078
Property Subtype
Retail
Property Type
Commercial Sale
Status
Active
Year Built
1953

Interior

Cooling
Central Air
Fireplaces
0
Flooring
Laminate
Heating
Central

Exterior & Construction

Construction
Block, Concrete
Foundation
Slab
Lot Features
Interior Lot
Roof
Shingle

Parking

Covered Parking
0
Garage Spaces
0

Location & Area

City
Sherman
County
Grayson
ZIP Code
75090
State
TX
Subdivision
Shannon T J Suppl

Financial

Price
1100000

Utilities

Sewer
Public Sewer
Utilities
Electricity Connected, Sewer Available, Water Available

Listing Details

Listing Agent
Josh Long
Listing Office
CAPROCK Real Estate Advisors LLC
MLS #
21391573
Virtual Tour
https://www.propertypanorama.com/instaview/ntreis/21391573

Listing agents

Listing AgentJosh LongCAPROCK Real Estate Advisors LLC

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