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    Sherman, TX
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    Sherman, TX Motels for Sale

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    General Commercial Redevelopment Site
    Updated: Jul 4
    General Commercial Redevelopment Site

    2424 Texoma Parkway, Sherman, TX 75090

    $950,000
    1.15 AC lot
    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
    City of Sherman has agreed to demolish all three existing buildings if buyer builds from the ground up
    Suitable for new construction, including a new hotel, subject to applicable city approvals and permitting
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Sherman, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Texarkana Motel Investment Opportunity
    Texarkana Motel Investment Opportunity

    819 W 7th street, Texarkana, TX 75501

    $500,000
    11,511 sqft 1.27 AC lot

    Turnkey motel with manager's apartment in downtown Texarkana.

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    Roadside Motel with Flexible Layout
    Roadside Motel with Flexible Layout

    312 W Live Oak, Malone, TX 76660

    $660,000
    0.28 AC lot

    Malone Motor Lodge is a roadside motel with flexible room configuration and currently operates at full occupancy.

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    Remodeled Motel with Manager Residence
    Remodeled Motel with Manager Residence

    819 W 7th St, Texarkana, TX 75501

    $500,000
    11,511 sqft

    Tri-State Motel offers 30 units plus a fully remodeled manager’s apartment with 2 bedrooms and 2 full baths.

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    Malone Motor Lodge For Sale
    Malone Motor Lodge For Sale

    312 W Live Oak, Malone, TX 76660

    $660,000
    6,802 sqft

    Roadside motel with 100% occupancy and income growth potential.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Highway 377 Development Opportunity
    Highway 377 Development Opportunity

    10692 Old Willis Road, Kingston, OK 73439

    $924,000
    42.00 AC lot

    42-acre parcel near Lake Texoma with utilities installed.

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    Corner Lot in Downtown Pilot
    Corner Lot in Downtown Pilot

    209 N Hill Street, Pilot Point, TX 76258

    $250,000
    0.50 AC lot

    Half acre commercial corner lot in downtown Pilot Point.

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    Commercial Land with I-35 Frontage
    Commercial Land with I-35 Frontage

    Exit 29 Interstate 35, Ardmore, OK 73401

    $8,500,000
    10.50 AC lot

    Zoned commercial acreage with direct I-35 and Hwy 70 frontage and utilities available for hospitality development.

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    Waterfront Campground and Marina Land
    Waterfront Campground and Marina Land

    201 Hwy 276, East Tawakoni, TX 75472

    $3,250,000
    38.00 AC lot

    Waterfront property on Lake Tawakoni with existing RV pads, utilities, and additional deeded land for expansion planning.

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    Sherman, TX Motels Market Trends and Statistics

    Explore 1 motels for sale in Sherman, TX on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $950,000.

    Sale prices for motels in Sherman, TX start at $950,000, averaging $950,000, and reaching up to $950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 2
    Motels 1

    Demographics Overview

    Population 54K
    Population Growth (5Y) +9.1%
    Median Household Income $62,961
    College Educated 20.2%

    High-Yield Neighborhoods for Investment

    Identify Sherman submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    75090 $950K

    Taxes & Financing

    Tax Rate (average for all types) 2.10%
    Property Tax per SF $49.33 per SF
    Tax Rate vs County Average 0.11 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Grayson County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Sherman fall within the 50,000 to 100,000 square foot range.

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