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Sherman Drive - Sherman Drive Commercial Land Tract 2.13 Acres of Residential Land in Denton, TX 76201
Investment Highlights
- +/- 2.129 AC Commercial Land Tract Available Fronting Sherman Drive, N Elm Street, & Bolivar Street.
- Income producing property with long term fully leased residential units
- Just one block from HWY 380, and less than 2.5 miles to Loop 288 & I-35E
- Possible Owner Financing Available
Executive Summary
Owner Financing Option Available. +/- 2.129 AC Commercial Land Tract Available. Fronting Sherman Drive, N Elm Street, & Bolivar Street. Located just one block north of HWY 380 (University Dr) on Sherman Dr, less than 2.5 miles from Loop 288 & I -35 E. Prime location surrounded by single / multi-family residential, restaurants / retail, & offices. Income producing through long-term tenants averaging ~ $143,000 annually. Total of 2.129 AC containing a combined 10,357 SF of residential structures. Potential uses include: retail / office / multi-family development, etc.
Property Facts
1 Lot Available
Lot
| Lot Size | 2.13 AC |
| Lot Size | 2.13 AC |
Description
+/- 2.129 AC Commercial Land Tract Available. Fronting Sherman Drive, N Elm Street, & Bolivar Street. Located just one block north of HWY 380 (University Dr) on Sherman Dr, less than 2.5 miles from Loop 288 & I -35 E. Prime location surrounded by single / multi-family residential, restaurants / retail, & offices. Income producing through long-term tenants averaging ~ $143,000 annually. Total of 2.129 AC containing a combined 10,357 SF of residential structures. Potential uses include: retail / office / multi-family development, etc.
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $710,067 | |
| Land Assessment | $539,933 | Total Assessment | $1,250,000 |
Property Taxes
Parcel Numbers
Land Assessment
$539,933
Improvements Assessment
$710,067
Total Assessment
$1,250,000
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