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Retail Investment or Redevelopment Opportunity
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2000 N Loy Lake Rd, Sherman, TX 75090

Retail property with redevelopment potential in established retail node.

Property Size74,198 SF
Price / SF$92.99
Days on Market167

Property Features for 2000 N Loy Lake Rd

General Information

Standard status Active
Size 74,198 SF
Property subtype Retail
Zoning Retail
Investment Type Redevelopment

Building Details

Units 12
Tenancy Multi
Listing Agency: Weitzman Dallas
Listed By: Creighton Stark III · License #TX
Source: Crexi
Added: Mar 20 Changed: Aug 17 Last Checked: Aug 14 at 7:24AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Weitzman Dallas

Investment Insights

Based on property information with market context.

Located at the northwest corner of East Taylor Street and North Loy Lake Road, this retail property incorporates three contiguous parcels. The Shops at Taylor on Loy Lake Road features a large-format anchor box and a modern pad site along one of Sherman’s busiest retail corridors. Anchored by national retailers such as Ollie’s, Dollar Tree and Planet Fitness, the property benefits from a signalized intersection, strong daily traffic, and proximity to Sherman Town Center. Immediately adjacent, 721 E Taylor St features an approximately 47,000-sf box that formerly housed Hobby Lobby and Kroger, equipped with dock doors and abundant surface parking. Its configuration is well suited for big-box retail, grocer, fitness, or entertainment uses. The site also features a pad site with a newer-construction, drive-thru–oriented building on a commercial lot of roughly one-half acre, ideal for QSR, beverage, or freestanding retail tenancy. These three parcels create a retail investment or redevelopment opportunity with multiple access points, strong regional co-tenancy, and flexible repositioning potential in one of Texoma’s most established retail nodes. The property benefits from its location along major retail, residential, and commercial corridors, with strong population density and daytime population totals. Within a three-mile location, the population totals 37,254 residents in 14,403 households with an average household income of $88,320. The daytime population within the radius totals 44,498. The property size is 74,198 square feet.

Key Highlights

  • Large 47,000‑sf box formerly housed Hobby Lobby and Kroger, featuring dock doors and abundant surface parking.
  • Anchored by national retailers (Ollie’s, Dollar Tree, Planet Fitness) within The Shops at Taylor, benefiting from a signalized intersection and strong daily traffic.
  • Includes a newer‑construction, drive‑thru–oriented pad site ideal for QSR, beverage, or freestanding retail tenancy.

Property Analytics

Current Use

Ricoh USA IT Consulting Firm

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Veterinary Clinic Carpet & Flooring Store Garden Center Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

982
Businesses Nearby

Demographics for 75090, TX

25,002
Population
9,602
Households
2.6
Avg Household Size
35
Median Age
15%
College-Educated
84%
High-School Grad
78.5 sq mi
ZIP Area
318
Density / Sq Mi
$58,586
Median Household Income
$36,230
Median Earnings
$1,111
Median Rent
$163,500
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail property with redevelopment potential in established retail node.
Where is this retail space located?
The property is located at 2000 N Loy Lake Rd Sherman, TX.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: Large 47,000‑sf box formerly housed Hobby Lobby and Kroger, featuring dock doors and abundant surface parking.; Anchored by national retailers (Ollie’s, Dollar Tree, Planet Fitness) within The Shops at Taylor, benefiting from a signalized intersection and strong daily traffic.; Includes a newer‑construction, drive‑thru–oriented pad site ideal for QSR, beverage, or freestanding retail tenancy.
More about this property
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