Property Description

Built in 1956, this landmark mixed-use building offers approximately 8,472 square feet at a prominent gateway to Downtown Sherman along Lamar Street.? Rich in architectural character, the property presents exceptional potential for investment, redevelopment, and adaptive reuse.?The building is divided into five separately leasable units, including three commercial spaces and two luxury residential lofts renovated in 2022.? One commercial space is currently leased to an established bail bond company, and one residential loft is also occupied, providing existing rental income.?The remaining commercial spaces offer flexibility for a restaurant, sports bar and grill, boutique storefront, salon, art gallery, furniture or home décor showroom, or another creative mixed-use concept.? A street-level entrance provides direct access to a distinctive second-story commercial loft ideally suited for a salon, gallery, studio, or professional space.?The City of Sherman continues to support downtown revitalization and may offer attractive incentives for qualifying redevelopment projects.? The property is also located within the Sherman Opportunity Zone, creating potential long-term investment and tax advantages.?With its existing income, multiple leasable units, renovated residential lofts, and adaptable commercial spaces, this distinctive property delivers location, character, flexibility, and opportunity.?

Property Features