2424 Texoma Parkway Active

Sherman,TX 75090

$ 1000000

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Subdivision Sherman

MLS Listing ID 21099324

Year Built 1948

Annual Tax Amount $10,966

Lot Size 1.150 Acres

Property Sub-Type Business

Property Description

***Significant capital gain tax incentives available in this Opportunity Zone property! Unlock the potential of this versatile 1.15-acre commercial property located at 2424 Texoma Pkwy, Sherman, TX 75090, zoned C-2 (General Commercial) in the heart of a bustling corridor. Previously a 33-unit motel, this site is now primed for redevelopment into a wide range of retail, service, or office uses permitted under Sherman's C-2 zoning, offering endless possibilities for investors and developers. The existing structures can be remodeled into modern suites for businesses such as medical offices, fitness studios, or retail shops, or the site can be cleared for a custom build-to-suit project tailored to your Continued... See Addendum Property Description 1.

Location

State TX

County Grayson

Zoning C2-Retail Zone

Interior

Heating Central

Cooling Central Air

Flooring Combination

Exterior

Utilities Available City Sewer,City Water,Electricity Connected

Roof Type Composition

Building

Foundation Slab

Structure Type Brick

Others

Acceptable Financing 1031 Exchange,Cash,Conventional

Listing Terms 1031 Exchange,Cash,Conventional

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