2424 Texoma Parkway
Sherman, TX, 75090
$
950,000
Bedrooms--
Baths--
Monthly Estimate*
$
5,998
for $950,000. This building was built in 1948 on a lot size of 1.15.
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.
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Features
General
Heating
Central
Cooling
Central Air
Utilities
City Sewer
City Water
Electricity Connected
Ceiling Height
8 to10 Feet
Possession
Closing/Funding
Roof
Composition
Year Built
1948
Business Type
Retail
Property Subtype
Business
Subdivision Name
Sherman
County
Grayson
Property Type
Commercial Sale
Construction Materials
Brick
Year Built Details
Preowned
Status
Active
Directions
From Dallas
head North on US 75
and exit 63. Right onto E US 82 Frontage Road. Take 82 East and exit 643
to HWY 91 and Texoma Pkwy. Right onto N Texoma Pkwy. Property is on the Right. 2424 Texoma Pkw
City
Sherman
Standard Status
Active
Listing Terms
1031 Exchange
Cash
Conventional
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Exterior
Waterfront
0
Lot Size Source
Public Records
Parking Features
Asphalt
Lot Size
1 to < 3 Acres
Foundation
Slab
Building Area Total
1288.00
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Interior
Flooring
Combination
Total Stories
1
Total Units
33
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* Excluded Features
List By
Daniel Harker
Listing Agent
Keller Williams Realty Dpr
Broker
Affordability Calculator
- Monthly Principal & Interest
- $5,998
- Monthly Property Taxes
- $914
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save
Nearby
Commerical listings in Sherman, TX
Average List Price
$1,235,615
Percent of Sale Price
30%
About Sherman, TX
40,917
Population
14%
Since 2002
$
44,725
Median Income
34.63
Median Age
30%
Households with Children
Trends Information provided by ATTOM Data Solutions.
288163
Elementary School
288375
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
4/13/2026
|
$950,000
|
|
Listed Price
|