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Downtown Sherman Property with Potential

201 E Pecan Street, Sherman, TX 75090

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For Sale

$499,000

Downtown Sherman property suitable for entertainment, restaurant, or office.

Type:Commercial

Property size:

1,500 SF

Lot size:

0.59 Acres

Price / SF:

$332/SF

HighLights

Prime location: Just one block from Historic Downtown Sherman
High‑potential property: Suitable for entertainment, restaurant, or professional office
Substantial lot size: .59‑acre lot offers incredible possibilities
Rapid growth area: Located in Grayson County, experiencing rapid growth
Established building: Built in 1974
Downtown Sherman property: Opportunity to own property in a desirable downtown location

We can help!

Listing Contact

Tommi Sue Homuth

Learn more

For Sale

$499,000

Downtown Sherman property suitable for entertainment, restaurant, or office.

Type:Commercial

Property size:

1,500 SF

Lot size:

0.59 Acres

Price / SF:

$332/SF

Added:: Apr 22, 2026
Days on Market:: 54
Last Refresh:: Apr 22 at 5:14 pm

Property Features for 201 E Pecan Street

General Information

Standard status: Active
Size: 1,500 SF
Lot size: 0.59 Acres
Property subtype: Commercial

Building Details

Year Built: 1974

We can help!

Listing Contact

Tommi Sue Homuth

Listing agent Tommi Sue Homuth

Listing office Tracy Realty

Listing date Apr 22, 2026

Source Signaturere

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 Tracy Realty

HighLights

Prime location: Just one block from Historic Downtown Sherman
High‑potential property: Suitable for entertainment, restaurant, or professional office
Substantial lot size: .59‑acre lot offers incredible possibilities
Rapid growth area: Located in Grayson County, experiencing rapid growth
Established building: Built in 1974
Downtown Sherman property: Opportunity to own property in a desirable downtown location

Overview

This property is located in Downtown Sherman, one block from the Historic Downtown area. The property includes a building on a 0.59-acre lot. The building has 1500 square feet of space. The property is suitable for entertainment, a restaurant, or a professional office. The location offers possibilities amid the rapid growth in Grayson County.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$37.4k	$24.96
− Vacancy	−$1.9k	−$1.25
EGI	$35.6k	$23.71
− OpEx	−$8.9k	−$5.93
NOI	$26.7k	$17.78

1,500 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$381.1K

$333.5K – $444.6K (±1% cap)

NOI $26,676 @ 7.0% cap · market cap 5.35%

Second Best

Office B

$358.4K

$313.6K – $418.2K (±1% cap)

NOI $25,091 @ 7.0% cap · market cap 5.03%

Theoretical Best

Hotel Hospitality

$769.5K

$673.3K – $897.8K (±1% cap)

NOI $53,865 @ 7.0% cap · market cap 10.79%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Location Insight

Map
Local Demand

City: Sherman
County: Grayson
State: Texas
Longitude: -96.607876
Latitude: 33.639265

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For sale
Storefront properties
TX
Sherman
75090
201 E Pecan Street

What type of property is this?

Storefront property - Downtown Sherman property suitable for entertainment, restaurant, or office.

Where is this storefront property located?

The property is located at 201 E Pecan Street Sherman, TX.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: Prime location: Just one block from Historic Downtown Sherman; High‑potential property: Suitable for entertainment, restaurant, or professional office; Substantial lot size: .59‑acre lot offers incredible possibilities