Log In/Sign Up
Your email has been sent.
220 S Elm St 2,400 SF Office Building Sherman, TX 75090 $601,770 CAD ($250.74 CAD/SF) 8.19% Cap Rate
INVESTMENT HIGHLIGHTS
- Income-producing property in downtown Sherman
- Main building features a metal roof and newer HVAC system
- Located near Highway 56, with easy access to US-75
- Tenant in place with approximately 3 years remaining on a NNN lease
- Includes two additional detached buildings currently used as offices/classrooms
- Surrounded by Sherman's expanding downtown area, featuring retail, dining, and professional services
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Building Size
2,400 SF
Building Class
C
Year Built
1993
Price
$601,770 CAD
Price Per SF
$250.74 CAD
Cap Rate
8.19%
NOI
$49,283 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,400 SF
Building FAR
0.17
Lot Size
0.33 AC
Opportunity Zone
Yes
Zoning
C-2 (Commercial) - Commercial
Parking
20 Spaces (8.33 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | 163577 | Improvements Assessment | $291,934 CAD |
| Land Assessment | $144,740 CAD | Total Assessment | $436,675 CAD |
PROPERTY TAXES
Parcel Number
163577
Land Assessment
$144,740 CAD
Improvements Assessment
$291,934 CAD
Total Assessment
$436,675 CAD
1 of 19
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
220 S Elm St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.