115 S Travis St - Retail FOR SALE


Sherman, TX 75090
$2,500,000 USD
903-815-2065
115 S Travis St, Sherman, TX for Sale
$2,500,000 USD
Retail - FOR SALE
1/24
null | Request Cap Rate

115 S Travis St
Sherman, TX 75090


HIGHLIGHTS

  • Abundant Parking in Rear
  • Historic Building built in 1870
  • City may offer Grants for Historic Building
  • Just off Sam Rayburn Freeway

OVERVIEW

Step into the past with this iconic Kelly Square and it's expansive views of Downtown Sherman, just across from the Grayson County Courthouse. Built in 1870, this is a canvas awaiting your vision, having been taken down to the studs and primed for a complete remodel. Original features abound, including metal tile ceilings that echo the building's storied history. Spanning three floors, with an elevator, the possibilities for this space are endless. The 1st floor is ideal for retail, offering lease opportunities that could thrive in this prime location. The 2nd floor could house a restaurant and piano bar. The 3rd floor has the potential for lofts and offices. Lots of parking behind the building. Dream big, as the city may extend its support through grants for certain upgrades, adding an extra layer of opportunity to your venture. Seize the chance to revive and reimagine this historic gem. Embrace the charm, the history, and make your mark in the heart of Sherman's downtown! ****Please have clients sign liability waiver in transaction desk and avoid areas in the building marked off.***** Property has 232 solar panels on roof. Tax rolls has building age as 1920, but built in 1870. Property sold AS IS. Apex Construction is a local credible GC with extensive knowledge of this project. Buyers and Buyers agent to verify all information within this listing.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$68 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Kelly Square

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bar, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1870

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

C-1

APN/PARCEL ID

161885

ASK ABOUT THIS PROPERTY

Layla FainELR CommercialMore Info
903-815-2065

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Layla FainELR CommercialMore Info
903-815-2065

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.