4020 Texoma Parkway, Sherman, TX 75090

$300,000

Est. payment /mo
Est.Price: ?

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4020 Texoma Parkway Sherman, TX 75090

0.54 Acres Lot

SOLD DATE : 11/03/2026

Key Details

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Subdivision G-0969

MLS Listing ID 21373125

Sold Date 11/03/26

Total Fin. Sqft 2040

Year Built 1980

Annual Tax Amount $7,936

Lot Size 0.540 Acres

Acres 0.54

Property Sub-Type Office

Property Description

Prime Commercial Property! Frontage on Texoma Parkway! Sherman, Texas, is experiencing rapid growth driven by major industrial projects such as Texas Instruments ($30B investment, 3,000 jobs) and Global Wafers ($5B investment, 1,500 jobs). The surge in development is creating strong demand for retail, entertainment, health care services, and housing. The City of Sherman is focusing on balancing rapid growth with infrastructure to ensure development is supported by adequate services. Strategic Location – 40 miles north of DFW Metroplex, with direct access to U.S. Highway 75, I-35, and major rail networks. Business-Friendly Climate – No corporate or personal income tax, local tax abatements, and customized incentive packages encourage business. The area offers a skilled labor force supported by Grayson College's health care and nursing programs and Austin College's STEM and business programs. Lower Cost of Doing Business – Affordable land, utilities, and workforce compared to Dallas-Fort Worth and other major metros. This office building has been home to a successful medical practice since 1980. The property presents an excellent investment opportunity to purchase now and grow equity as the area continues to expand. With an eye-catching glass facade and sturdy stucco exterior, the building is ideal for a variety of business ventures. This is an ideal buy and hold investment opportunity with an instant rental income stream. The existing owner desires to remain in the building as a lease tenant. Don't miss this opportunity to invest in booming Sherman, TX!

Location

State TX

County Grayson

Zoning (349) MEDICAL OFFICE BUILDING

Direction From Hwy 75, exit at Hwy 82 East. Travel east on Hwy 82 to Texoma Pkwy. Travel north on Texoma Parkway approximately 1 mile. The property is located on the west side of the road.

Interior

Heating Central, Electric, Zoned

Cooling Central Air, Electric, Zoned

Flooring Carpet, Tile

Heat Source Central, Electric, Zoned

Exterior

Utilities Available All Weather Road, Cable Available, City Water, Concrete, Curbs, Electricity Connected, Individual Gas Meter, Individual Water Meter, Overhead Utilities, Phone Available, Septic, Underground Utilities

Roof Type Built-Up,Flat

Accessibility Accessible Doors, Accessible Entrance, Accessible Hallway(s)

Garage No

Building

Lot Description Cleared, Interior Lot, Irregular Lot, Landscaped, Level

Foundation Slab

Structure Type Stucco,Other

Others

Acceptable Financing 1031 Exchange, Cash, Conventional, Lease Back

Listing Terms 1031 Exchange, Cash, Conventional, Lease Back

Financing Conventional

Special Listing Condition Aerial Photo, Survey Available

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Victoria Woodard • HBL, Realtors
Bought with Kaylee Wood • eXp Realty LLC

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