Kelly Square | 115 S Travis St
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Kelly Square 115 S Travis St
36,564 SF 100% Leased Retail Building Sherman, TX 75090 $2,500,000 ($68/SF)
Investment Highlights
- Abundant Parking in Rear
- City may offer Grants for Historic Building
- Historic Building built in 1870
- Just off Sam Rayburn Freeway
Executive Summary
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.
****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.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Building Size
36,564 SF
Building Class
C
Year Built
1870
Price
$2,500,000
Price Per SF
$68
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.47
Land Acres
0.34 AC
Opportunity Zone
Yes
Zoning
C-1 - Within the downtown Central Business Area.
Amenities
- Corner Lot
- Mezzanine
- Signage
- Storage Space
- Balcony
PROPERTY TAXES
Parcel Number | 161885 | Improvements Assessment | $191,142 |
Land Assessment | $106,050 | Total Assessment | $297,192 |
PROPERTY TAXES
Parcel Number
161885
Land Assessment
$106,050
Improvements Assessment
$191,142
Total Assessment
$297,192
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Kelly Square | 115 S Travis St
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