200 Evergreen StSherman, TX 75090

For Sale
Call for price

Multi-tenant office complex, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents the Evergreen Office Plaza, a multi-tenant office complex strategically located in Sherman, Texas. The property comprises six freestanding buildings totaling 23,337 square feet situated on a 2.6-acre lot with ample concrete parking. Constructed between 2002 and 2006, with renovations completed in 2006, the buildings feature metal roofs and currently boast 65.5% occupancy. The diverse tenant mix includes medical and general office businesses. Benefitting from a high-traffic location on East Evergreen Street, just off US Route 75 (North Sam Rayburn Freeway), the plaza enjoys daily traffic counts exceeding 75,000 vehicles. Additional access is provided via Vernon Holland Memorial Drive. The property's strategic position is further enhanced by its proximity to numerous national and regional retailers, including major brands such as Kroger, Walgreens, and Lowe's, among many others. Sherman, the county seat of Grayson County, is a principal city in the Sherman-Denison Metropolitan Statistical Area, conveniently located approximately 65 miles northeast of Dallas. The city is served by major highways, including US 75 and US 82, as well as three Texas State Highways, providing excellent accessibility. Importantly, this property is located within a designated U.S. Treasury Opportunity Zone, offering significant tax advantages to investors, including potential tax deferrals and discounts. This presents a compelling opportunity for investors seeking a stable, multi-tenant asset in a thriving location with substantial tax benefits.

Highlights

  • Six freestanding buildings totaling 23,700 square feet.
  • 2.6-acre site with a concrete parking lot.
  • Excellent location near major retailers along Sam Rayburn Freeway and Texoma Parkway.
  • Located in a federal Opportunity Zone, offering significant tax advantages to investors.

Property Details for 200 Evergreen St

Property type
Other office properties, Office properties
Square Feet
23,337 SF
Class
B
Year Built/Renovated
2002/2006
Buildings
6
Lot Size (sq. ft)
113,256 SF

Location Insight

City
Sherman
County
Grayson
State
Texas
Latitude
33.6472662
Longitude
-96.6110003
200 Evergreen St, Sherman, Texas

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200 Evergreen St
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