220 S Elm St - Office FOR SALE


Sherman, TX 75090
$475,000 USD
903-818-7946
220 S Elm St, Sherman, TX for Sale
$475,000 USD
Office - FOR SALE
1/18
null | 7.5% Cap Rate

220 S Elm St
Sherman, TX 75090


HIGHLIGHTS

  • Income-producing property in downtown Sherman
  • Tenant in place with approximately 3 years remaining on a NNN lease
  • Main building features a metal roof and newer HVAC system
  • Includes two additional detached buildings currently used as offices/classrooms
  • Located near Highway 56, with easy access to US-75
  • Surrounded by Sherman's expanding downtown area, featuring retail, dining, and professional services

OVERVIEW

This property in downtown Sherman offers a strong opportunity to acquire an income-producing asset. There is a tenant in place with approximately 3 years remaining on their NNN lease. The main building features a metal roof and a recently installed HVAC system, providing reliable infrastructure for continued use. The interior is clean and functional, with plenty of potential for customization or updates if desired. Two additional detached buildings on site have been used as offices or classrooms, offering added versatility for future use. The property is conveniently located near Travis Street, Hwy 56, and US-75, surrounded by Sherman’s growing mix of retail, dining, and professional services.

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$198 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,418 SF

ZONING

C-2 (Commercial)

APN/PARCEL ID

163577

ASK ABOUT THIS PROPERTY

Noel CobbBertholf Commercial Real EstateMore Info
903-818-7946

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Noel CobbBertholf Commercial Real EstateMore Info
903-818-7946

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.