4816 N Frisco Sherman, TX
$ 869,000
Property Attributes
  • MLS#13838649
  • TypeCommercial
  • CountyGRAYSON
  • CitySherman
  • NeighborhoodMidway Mall
  • Zip75090
  • StyleIndustrial,Office/Warehouse,Storage Warehouse,Whol
  • Price$ 869,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage24700
  • Lot Size1.98 Acres
Listing Provided Courtesy Of:
Randy Jay with Preston Bend Real Estate
Property Description

Great Investment Opportunity with Owner Willing to Lease Back at $3.75 Gross! This former Sears Building, located behind Midway Mall in Sherman, Texas, is a perfect warehouse or light industrial building.   The building is 100% sprinkled and has 17’ CH on a lot that could easily be fenced and secured. In addition, the zoning of this property is favorable to many industrial users and is suitable for anyone with a warehouse and office need. Projected Taxes: $6,900, Projected Insurance: $7,000, Management Fee: $3,705, Total: $17,605 ($0.71 C PSF) Projected NOI: $75,088 ($3.04 PSF) Purchase Price: $869,000 (8.6% CAP)

Price History
5/9/2018 Listed $875,000
11/6/2019 1% - $869,000

General Features

Building Use Industrial, Office/Warehouse, Storage Warehouse, Wholesale
Ceiling Height 15 to 20 Feet
Commercial Features Columns, Fire Alarm, Fire Sprinklers, Floor Drains, Single User, Truck Bay
Construction Materials Block
Flooring Concrete
Heating Central Air-Elec, Central Heat-Gas
Listing Area GRAYSON AREA (37)
Property Type Commercial
Stories 1
Sub Area SHERMAN (0)
Subdivision Midway Mall
Tenant Pays All Utilities, Electric, Gas, Sewer, Water
Type COM-Sale/Leaseback (Both)
Virtual Tour Url Unbranded
Year Built 9999
Year Built Details Preowned
Zoning Commercial M1

Interior Features

# of Units 1
Living Area 24700
Sqft Building 24700
Sqft Leasable 24700
Utilities Asphalt, City Sewer, City Water

Exterior Features

Construction Materials Walls Brick, Cement Block
Foundation Slab
Inclusions Building Only
Lot Size Area 1.980
Lot Size Area 1.980
Lot Size Area (acres) 1.980
Lot Size Area (sq Ft) 86248
Lot Size Source Other Documentation
Lot Size Units Acres
Parking Features Common Lot, Oversized


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 75090

AVG $690K
AVG 21
AVG 38
Data Provided by Walkscore ® not using MLS data

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