4800 N Texoma Pky | Sherman, TX 75090
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- LoopNet Team
4800 N Texoma Pky
Sherman, TX 75090
Retail Property For Sale
Investment Highlights
- Rare 57-acre redevelopment property ideally positioned along a major thoroughfare joining Downtown Sherman and Denison.
- Situated adjacent to US-75, a major north-south freeway connecting Dallas and its suburbs within Oklahoma, and close to the 69, 82, and 503 freeways.
- The average household income is $72,215 within 10 miles and the total consumer spending exceeds $1 billion annually.
- Excellent opportunity for an investor to acquire a partially occupied shopping mall with prime future redevelopment potential.
- The area highlights compelling demographics with 59,283 residents, 26,584 daytime employees, and 2,970 businesses within a five-mile radius.
- Potential for significant additional income with self-storage concept (plans provided) in vacant JCPenney’s location.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
530,000 SF
Building Class
B
Year Built
1980
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
53.23 AC
Zoning
F1 - Commercial Real Property
Parking
3,260 Spaces (7 Spaces per 1,000 SF Leased)
Frontage
1,368 FT on Fallon Dr
Amenities
- Food Court
- Enclosed Mall
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,458,133 | |
| Land Assessment | $1,825,466 | Total Assessment | $3,283,599 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,825,466
Improvements Assessment
$1,458,133
Total Assessment
$3,283,599
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