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4020 Texoma Parkway Sherman, TX $ 500,000
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4020 Texoma Parkway
$ 500,000
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4020 Texoma Parkway

Sherman, TX, 75090
$ 500,000
Bedrooms-- Baths--

Monthly Estimate*

$ 3,157

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Commercial Property for sale in Sherman, TX

for $500,000. This building was built in 1980 on a lot size of 2.11.

PRIME COMMERCIAL PROPERTY! FRONTAGE ON TEXOMA PARKWAY! TURNKEY MEDICAL OFFICE BUILDING WITH 2.1 ACRES OF LAND FOR EXPANSION! BELOW MARKET PRICING FOR A QUICK SALE! 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!

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Commercial Active

Price

$ 500,000

Property Type

Commercial

Taxes

$ 7,936

Style

Office

Lot Size

2.11

Year Built

1980

Town/City

Sherman

County/Region

Grayson

MLS | Web ID

21373125
Features
General
Heating Central Electric Zoned
Cooling Central Air Electric Zoned
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
Ceiling Height 8 to10 Feet
Possession Negotiable Subject to Lease
Roof Built-Up Flat
Exclusions Business and all business fixtures and personal property.
Year Built 1980
Business Type Medical
Property Subtype Office
Subdivision Name W F Patterson Surv Abs #969
Accessibility Features Accessible Doors Accessible Entrance Accessible Hallway(s)
County Grayson
Property Type Commercial Sale
Construction Materials Stucco Other
Year Built Details Preowned
Special Notes Aerial Photo Survey Available
Status Active
Directions From Hwy 75 exit at Hwy 82 East. Travel east on Hwy 82 to Texoma Pkwy. Travel north on Texoma Parkway approximately 1 mile. The property is located on the west side of the road.
City Sherman
Standard Status Active
Listing Terms 1031 Exchange Cash Conventional Lease Back
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Exterior
Waterfront 0
Lot Features Acreage Cleared Interior Lot Irregular Lot Landscaped Level
Lot Size Source Assessor
Parking Features Additional Parking Asphalt Parking Lot Paved
Lot Size 1 to < 3 Acres
Foundation Slab
Building Area Total 2040.00
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Interior
Flooring Carpet Tile
Total Stories 1
Total Units 1
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Internal Only
Street Number 1 4020
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* Excluded Features
List By
Victoria Woodard

Listing Agent

Hbl, Realtors

Broker

Affordability Calculator

$3,818
Per Month
83%
17%
0%
Monthly Principal & Interest
$3,157
Monthly Property Taxes
$661
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.
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Nearby
288163 Elementary School
288375 Middle School
Unknown High School High School
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Pricing History
Date Price Price Change Description
8/31/2026 $500,000 Listed Price

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4020 Texoma Parkway, Sherman, TX, 75090 is a Commercial Property for sale at $500,000 with a lot size of 2.11. 4020 Texoma Parkway was built in 1980. The property's zip code is 75090 which is in Sherman, TX

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