This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

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.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Storefront Retail/Office
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

PROPERTY TAXES

Parcel Number
161885
Land Assessment
$106,050
Improvements Assessment
$191,142
Total Assessment
$297,192
  • Listing ID: 32187321

  • Date on Market: 6/19/2024

  • Last Updated:

  • Address: 115 S Travis St, Sherman, TX 75090

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}