4020 Texoma Parkway, Sherman, Texas

$500,000

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2,040

Square feet

2.11

Acres

About 4020 Texoma Parkway

MULTIPLE OFFERS RECEIVED. Interested buyers are encouraged to submit offers for consideration on Friday, September 4. Prime Commercial Property! Frontage on Texoma Parkway! 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!

Features of 4020 Texoma Parkway

MLS® # 21373125
Price $500,000
Square Footage 2,040
Acres 2.11
Year Built 1980
Type Commercial Sale
Sub-Type Office
Status Active Under Contract

Community Information

Address 4020 Texoma Parkway
Subdivision W F Patterson Surv Abs #969
City Sherman
County Grayson
State Texas
Zip Code 75090-1900

Amenities

Utilities All Weather Road, Cable Available, City Water, Concrete, Curbs, Electricity Connected, Individual Gas Meter, Individual Water Meter, Overhead Utilities, Phone Available, Septic, Underground Utilities
Garages Additional Parking, Asphalt, Parking Lot, Paved
Is Waterfront No
Has Pool No

Interior

Heating Central, Electric, Zoned
Fireplace No
# of Stories 1
Stories 1

Exterior

Lot Description Acreage, Cleared, Interior Lot, Irregular Lot, Landscaped, Level
Roof Built-Up, Flat
Construction Stucco, Other
Foundation Slab

Additional Information

Zoning (349) MEDICAL OFFICE BUILDING (300) COMMERCIAL LAND VACANT
Short Sale No
RE / Bank Owned No

Listing Details

AgentVictoria Woodard
OfficeHBL, Realtors
Contact Info903-786-6063

Listing Map

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