Dallas, Tx: Paragon Realtors debuts in Sherman Texas this week with the acquisition of the Virginia Cook Sherman office, the number one brokerage in the area, by Dallas-based Dallas City Center Realtors. The word “paragon” is a model or pattern … Read More...
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Paragon: [par-uh-gon] - noun - A Model or Pattern of Excellence
Listing ID20021225
Sold ForN/A
StatusClosed
Sold Date6/23/2022
Acres
0.256
CountyGrayson
SubdivisionGLECKLER PLAZA
Year Built1986
Property TypeCommercial
Property Sub TypeOffice
Listing Agent
Maureen Kane
Title:
REALTOR®
Email: Contact This REALTOR®
Address:
614 E Lamberth Rd
City:
Sherman
State/Province:
TX
Zipcode:
75090
High traffic area for your business! Close to Loy Lake Road, directly across from Town Center. Completely renovated in 2015. Four closed offices, foyer, two restrooms, breakroom. Current tenant leases front 1000 sf of building. Lease in place through July 30, 2022. Lease available upon request. Planned luxury apartments and retail already approved by City of Sherman for cleared land south of property. Plans available upon request. All info deemed reliable but buyer and buyer's agent to verify.
County
Grayson
Property Sub Type
Office
Property Type
Commercial
Subdivision
GLECKLER PLAZA
Year Built
1986
Zoning
Commercial
Ceiling Height
8 to10 Feet
Cooling
Central Air
Flooring
Luxury Vinyl Plank
Heating
Central, Heat Pump
SqFt Gross
1914
Stories Total
1
Construction Materials
Brick
Construction Materials Walls
Brick
Foundation Details
Slab
Lot Features
Few Trees, Landscaped
Lot Size
Less Than .5 Acre (not Zero)
Lot Size Area
0.256
Lot Size Source
Assessor
Lot Size Square Feet
11151.36
Lot Size Units
Acres
Number Of Units Total
1
Parking Features
Additional Parking, Concrete, Lighted, Parking Lot, Shared Driveway, Unassigned
Road Frontage Type
City Street, Curbs/Gutters
Roof
Metal
Utilities
All Weather Road, Cable Available, City Sewer, City Water, Curbs, Underground Utilities
Building Area Source
Assessor
Building Area Total
1914
Country
United States
Directions
From US 75, exit Loy Lake Road. Take Loy Lake Road south to E. Pecan Grove Road. Turn east onto E. Pecan Grove Road.
Multi Zoning
no
Accessibility Features
yes
Accessibility Features Type
Accessible Full Bath
Building Use
Office
Dual Variable Compensation
no
Municipal Utility District
no
Notice Surveillance Devices Present
Video
Property Match
APN
Second Mortgage
no
Special Notes
Right of First Refusal, Survey Available
Status
Closed
Sub Agency Compensation
0.0%
Third Party Assistance Program
no
US Property MUI
406181934
Will Subdivide
No
Year Built Details
Preowned
Buyer Financing
Cash
Close Price/Lot Size Acre
1269531.25
Current Price/Lot Size
1269531.25
Exclusions
All furniture, artwork.
Gross Annual Expenses
10200
Gross Annual Income
25200
Leasable Area
1914
Lease Term Description
Current lease is up July 30, 2022. Lease available upon request.
Listing Terms
Cash, Conventional, Other
Net Operation Income
15000
Number Of Leaseable Spaces
2
Number Of Spaces Leased
1
Operating Expense Includes
Insurance, Maintenance Grounds, Maintenance Structure, Pest Control, Security, Supplies, Trash, Utilities, Water/Sewer
Owner Pays
Common Area Maintenance, Electricity, Insurance, Pest Control, Roof Maintenance, Sewer, Taxes, Water
Possession
Subject to Lease
Tax Block
1
Tax Lot
2
Tenant Pays
Cable TV, Insurance, Security, Trash Collection, Other
Transaction Includes
Land & Improvements
Unexempt Taxes
5478
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