UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 2,097 sqft
Subdivision Shockey Henry
MLS Listing ID 21357984
Total Fin. Sqft 2097
Year Built 1997
Annual Tax Amount $6,510
Lot Size 9.414 Acres
Acres 9.414
Property Sub-Type Business
Property Description
Rare opportunity to acquire a diversified income-producing property on 9.414 acres just minutes from Sherman. This unique asset combines established rental income with significant flexibility and value-add potential, making it an attractive opportunity for investors, owner-operators, or buyers looking to expand their real estate portfolio.
The property features 11 established RV spaces, most of which are currently leased, along with a leased 2-bedroom, 1-bath apartment, providing immediate income from multiple sources. A 2,098-square-foot, 3-bedroom, 2-bath main residence offers another potential revenue stream if leased or the opportunity for an owner-operator to live on site.
A separate office space with an attached shop or storage building adds another layer of versatility and may accommodate business operations, workspace, storage, or additional leasing opportunities.
One of the property's greatest opportunities lies in the open back portion of the 9.414 acres. Currently utilized for hay production and benefiting from an agricultural exemption, this area provides substantial open space and flexibility for a future owner to envision how the property could evolve. Whether held as open acreage, continued in agricultural use, or evaluated for future improvements or expansion, the additional land creates valuable long-term upside and optionality, subject to applicable approvals and restrictions.
With RV income, residential rental income, office or shop space, a main residence, and additional open acreage, this property offers a combination of existing cash flow and future potential that is difficult to replicate.
Conveniently located near Sherman and positioned within the continued growth of North Texas, this is an opportunity to acquire an established income-producing asset with multiple revenue streams, usable acreage, expansion potential, and room to make the property your own.
Location
State TX
County Grayson
Direction From Hwy 75, take FM 902 east. Turn right onto White Mound Rd. Continue approximately 1.6 miles. Property is located on the right at 1612 White Mound Rd.
Interior
Heating Electric, Fireplace(s)
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Carpet, Laminate
Heat Source Electric, Fireplace(s)
Exterior
Utilities Available Aerobic Septic, Electricity Connected, Outside City Limits, Septic
Roof Type Composition
Garage No
Building
Lot Description Acreage, Agricultural
Foundation Slab
Structure Type Brick
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Aerial Photo, Survey Available
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21357984
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Daniel "Mr.Closetastic" Roundtree
Agent | License ID: 0773164
Agent License ID: 0773164