$950,000
Exceptional Redevelopment Opportunity.
Position your next commercial project in one of North Texas' fastest-growing markets. This 1.15-acre Opportunity Zone property offers exceptional flexibility for investors, developers, and owner-users looking to capitalize on Sherman's continued expansion.
Formerly operated as a 33-unit drive-up motel, the property is no longer permitted to operate as a motel under City of Sherman regulations, creating an ideal blank canvas for redevelopment. The site is zoned C-2 General Commercial, allowing for a broad range of commercial uses including retail, office, medical, restaurant, hospitality, service businesses, and much more.
Whether your vision is to renovate the existing structures into multi-tenant retail or professional office space, or completely redevelop the property, this site provides outstanding potential. The City of Sherman has agreed to demolish all three existing buildings should a buyer elect to build from the ground up, significantly reducing redevelopment costs. The site is also suitable for new construction, including a new hotel, subject to applicable city approvals and permitting.
Located on highly visible Texoma Parkway, one of Sherman's primary commercial corridors, the property benefits from strong traffic counts, excellent accessibility, and proximity to major employers, retail centers, and the rapidly expanding North Texas economy.
As an Opportunity Zone investment, qualified buyers may also benefit from significant capital gains tax incentives. Buyers should consult their tax advisor regarding eligibility and program requirements.
Whether you're planning a retail center, office complex, hospitality development, or a custom commercial project, 2424 Texoma Pkwy offers the location, zoning, and flexibility to bring your vision to life.
21237501
MLS
2424 Texoma Pkwy, Sherman
