General Commercial Redevelopment
2424 Texoma Parkway Sherman, TX 75090
2424 Texoma Parkway, Sherman, TX, 75090
$950,000
For Sale
$950,000
COMMERCIAL - Sherman, TX
Lot Size1.15 Acres
Days on Market15
Property Features for 2424 Texoma Parkway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 156664
- Lot size
- 1.15 Acres
Taxes and HOA fees
- Tax Description
- G-0504 HENDRIX REUBEN A-G0504, ACRES 1.15
- Tax Annual Amount
- 10966
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1948
- Floors in Building
- 1
- Number of units
- 33
- Flooring type
- Combination
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
Keller Williams Realty DPR
(972) 732-6000
Dallas, TX
Listed by
Daniel Harker · License #0435185
(972) 732-6000
Added: Jul 4 Checked: Jul 18 at 7:06 am
MLS# 21237501
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Investment Insights
Based on property information with market context.
This 1.15-acre redevelopment property was previously operated as a 33-unit drive-up motel. Under City of Sherman regulations, the site is no longer permitted to operate as a motel, creating a blank-canvas opportunity for a new commercial concept. The property includes three existing buildings, and the City of Sherman has agreed to demolish all three buildings if a buyer elects to build from the ground up.
The site is zoned C-2 General Commercial, supporting a broad range of uses, including retail, office, medical, restaurant, hospitality, and service businesses, subject to applicable approvals. It is located on Texoma Parkway, described in the listing as one of Sherman’s primary commercial corridors with strong traffic counts and strong accessibility.
For buyers and operators, the combination of C-2 zoning and the city’s demolition agreement may simplify redevelopment planning, whether the goal is to renovate into a multi-tenant retail or professional office configuration or pursue new construction. The listing also notes the site may be suitable for new construction, including a new hotel, subject to permitting and city approvals. The property is identified as an Opportunity Zone asset; qualified buyers should consult their tax advisor regarding eligibility and program requirements.
The site is zoned C-2 General Commercial, supporting a broad range of uses, including retail, office, medical, restaurant, hospitality, and service businesses, subject to applicable approvals. It is located on Texoma Parkway, described in the listing as one of Sherman’s primary commercial corridors with strong traffic counts and strong accessibility.
For buyers and operators, the combination of C-2 zoning and the city’s demolition agreement may simplify redevelopment planning, whether the goal is to renovate into a multi-tenant retail or professional office configuration or pursue new construction. The listing also notes the site may be suitable for new construction, including a new hotel, subject to permitting and city approvals. The property is identified as an Opportunity Zone asset; qualified buyers should consult their tax advisor regarding eligibility and program requirements.
Key Highlights
- 1.15‑acre Opportunity Zone property on highly visible Texoma Parkway in Sherman, TX
- Zoned C‑2 General Commercial, allowing a broad range of commercial uses (retail, office, medical, restaurant, hospitality, service businesses, and more)
- Former 33‑unit drive‑up motel; not permitted to operate as a motel under City of Sherman regulations
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Crossroads Inn Motel
Hotel & Motel
K's Unique Kreations
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- LoneStar Inn & Suites, Texoma Parkway, Sherman, TX — 2105 texoma pkwy #200, sherman, tx 75090
- Motel 6 Sherman, TX — 2105 Texoma Pkwy, Sherman, TX 75090
- Sherman Inn — 1831 Texoma Pkwy, Sherman, TX 75090
- Executive Inn — 2105 Texoma Pkwy #100, Sherman, TX 75090
- LoneStar Inn & Suites — 2105 Texoma Pkwy, Sherman, TX 75090
FAQs
What type of property is this?
Motel - Former drive-up motel site zoned C-2, with city-agreed demolition option for redevelopment on Texoma Parkway.
Where is this motel located?
The property is located at 2424 Texoma Parkway Sherman, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1.15‑acre Opportunity Zone property on highly visible Texoma Parkway in Sherman, TX; Zoned C‑2 General Commercial, allowing a broad range of commercial uses (retail, office, medical, restaurant, hospitality, service businesses, and more); Former 33‑unit drive‑up motel; not permitted to operate as a motel under City of Sherman regulations
