2121 N Fm 1417 Sherman, TX 75092
18,885 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 18,885 sqft
Price per Sqft $142
Subdivision Western Hills Add Sec 5
MLS Listing ID 21294842
HOA Y/N No
Year Built 1983
Annual Tax Amount $53,684
Lot Size 3.560 Acres
Acres 3.56
Property Sub-Type Retail
Property Description
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.
Location
State TX
County Grayson
Zoning Retail
Direction Go towards north in US 75 , go towards west in Lamberth Rd until N heritage Pkwy, the property is on the left.
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Concrete, Other
Inclusions Building Only, Land & Improvements
Fireplace No
Exterior
Parking Features Common, Open, Outside, Parking Lot
Utilities Available Electricity Available, Sewer Available, Water Available
Water Access Desc Public
Roof Type Flat,Other
Road Frontage City Street
Private Pool No
Building
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 155709
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21294842