4020 Texoma Pkwy, Sherman, TX, TX 75090

$500,000

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List Price
$500,000
MLS#
21373125
Status
ACTIVE
Type
Commercial
Subtype
CommercialSale
Year Built
1980
Construction Status
Preowned
Acres
2.11
County
Grayson
City
Sherman
Subdivision
W F Patterson Surv Abs #969

Property Description

PRIME COMMERCIAL PROPERTY! FRONTAGE ON TEXOMA PARKWAY! TURNKEY MEDICAL OFFICE BUILDING WITH 2.1 ACRES OF LAND FOR EXPANSION! BELOW MARKET PRICING FOR A QUICK SALE! Sherman, Texas, is experiencing rapid growth driven by major industrial projects such as Texas Instruments ($30B investment, 3,000 jobs) and Global Wafers ($5B investment, 1,500 jobs). The surge in development is creating strong demand for retail, entertainment, health care services, and housing. The City of Sherman is focusing on balancing rapid growth with infrastructure to ensure development is supported by adequate services. Strategic Location – 40 miles north of DFW Metroplex, with direct access to U.S. Highway 75, I-35, and major rail networks. Business-Friendly Climate – No corporate or personal income tax, local tax abatements, and customized incentive packages encourage business. The area offers a skilled labor force supported by Grayson College’s health care and nursing programs and Austin College’s STEM and business programs. Lower Cost of Doing Business – Affordable land, utilities, and workforce compared to Dallas-Fort Worth and other major metros. This office building has been home to a successful medical practice since 1980. The property presents an excellent investment opportunity to purchase now and grow equity as the area continues to expand. With an eye-catching glass facade and sturdy stucco exterior, the building is ideal for a variety of business ventures. The 1.73 acres adjacent to the property is included, however, the office and land can be purchased separately. This is an ideal buy and hold investment opportunity with an instant rental income stream. The existing owner desires to remain in the building as a lease tenant. Medical office with .38 acres and the adjacent land parcel with 1.73 acres can be purchased separately. Don't miss this opportunity to invest in booming Sherman, TX!

Additional Information

Unexempt Taxes
$7,936
Tenant Pays
None
Lot Size
91,911
Acres
2.11
Lot Description
Cleared, Irregular Lot, Irregular Lot, Landscaped, Level
Flooring
Carpet, Tile
Foundation
Slab
Roof
Flat
Building Stories
1
Parking Garage
Additional Parking, Asphalt, Paved, Parking Lot
Possession
Negotiable, SubjectToTenantRights
Proposed Use
Medical/Dental, Office
Inclusions
Land & Improvements
Community Features
Curbs

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Victoria Woodard from HBL, Realtors. Contact: 903-786-6063

Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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