2121 N Fm 1417, Sherman, TX 75092
- $2,695,000
- List Price
- $2,695,000
- MLS#
- 21294842
- Status
- ACTIVE UNDER CONTRACT
- Type
- Commercial
- Subtype
- CommercialSale
- Year Built
- 1983
- Construction Status
- Preowned
- Acres
- 3.56
- County
- Grayson
- City
- Sherman
- Subdivision
- Western Hills Add Sec 5
Property Description
This multi-tenant retail property is located at hot location in Sherman, Texas. The property features 18,885 square feet of building space on 3.559 acres of land, with additional buildable land available behind the existing building. The property is currently occupied by a diverse mix of tenants including massage, bookkeeping, gas station, gold and silver shop, donut shop, pizza shops, and ice cream shop. The property is commercially zoned and allows for professional offices, salon suites, recreational facilities, gym, retail shops (except smoking or vape shops), shopping, cafe, restaurants, and other businesses. The property is anchored by Casey's General Stores convenience store and gas station, providing strong traffic and visibility. With a current pro-forma NOI potential of $265,226, this property offers significant value-add opportunity through leasing the vacant spaces. The property is diagonally located near Walmart Neighborhood Market, providing excellent co-tenancy and traffic generation.
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Additional Information
- Unexempt Taxes
- $53,684
- Tenant Pays
- AllUtilities
- Lot Size
- 155,073
- Acres
- 3.56
- Flooring
- Concrete, Other
- Foundation
- Slab
- Roof
- Flat, Other
- Building Stories
- 1
- Parking Garage
- Common, Open, Other, Parking Lot
- Possession
- ClosePlus60To90Days
- Proposed Use
- Food Service, Medical/Dental, Office, Other, Restaurant, Warehouse
- Inclusions
- Building Only, Land & Improvements
Mortgage Calculator
Listing courtesy of Anoo Sathappun from Redbud Offices LLC. Contact: 469-434-7300