2424 Texoma Pkwy - Manufactured Housing/Mobile Housing FOR SALE


Sherman, TX 75090
$950,000 USD
844-851-7730
2424 Texoma Pkwy, Sherman, TX for Sale
$950,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/32
null | Request Cap Rate

2424 Texoma Pkwy
Sherman, TX 75090


OVERVIEW

***The City of Sherman has agreed to demo all three buildings should a Buyer elect to build from scratch. ***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.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$94 USD /SF

# OF UNITS

33

PRICE/UNIT

$28,788

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Commercial Opportunity

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.9 AC

LAND SF

387,806 SF

ZONING

-

APN/PARCEL ID

156634

ASK ABOUT THIS PROPERTY

Sarah Reynolds OjiReynolds EmpowerHome TeamMore Info
844-851-7730

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Sarah Reynolds OjiReynolds EmpowerHome TeamMore Info
844-851-7730

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