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$950,000

  • For Sale
  • Active
  • Commercial Service
  • 4,932 Sq. Ft.
  • 0.67 Acres
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Stable NNN Restaurant Investment - Long-Term Tenant in Place Rare opportunity to acquire a proven, income-producing restaurant property in Sherman, Texas. Family-owned Tex-Mex concept operating successfully at this location since 1998 and consistently voted Best Mexican Food in Sherman. Property includes building and ±0.67 acres and is leased on a NNN structure, providing passive income with limited landlord obligations (roof and parking lot). Long-term tenant desires to remain, offering continued operational stability. Major capital improvements completed: · New roof (2023) · Three new HVAC units totaling 20 tons (2023) · Cast iron plumbing replaced with PVC (2026) · Ongoing parking lot maintenance and resurfacing Ideal for investors seeking durable cash flow, minimal deferred maintenance, and a strong-performing tenant. Listing agent is a member of the LLC that owns the property. ***THIS IS AN ON-GOING BUSINESS AND OCCUPANTS MUST NOT BE DISTURBED. No interaction with employees is allowed. To view, make appointment with showing service

Full Property Details for 2124 Texoma Pkwy

General

  • Price: $950,000
  • Taxes: $12,776
  • Status: Active
  • Type: Commercial Service
  • Source: NTREIS
  • MLS ID: 21348527
  • Updated: 8/10/2026
  • Added to Site: 45 day(s) ago

Business

  • Business Type: Restaurant

Interior

  • Flooring: Carpet, Concrete, Ceramic Tile

Additional Information

  • Security/Safety: Security System, Carbon Monoxide Detector(s), Fire Alarm, Fire Sprinkler System, Other, Smoke Detector(s), Security Lights

Parking

  • Parking Features: Additional Parking, Asphalt, Gravel, On Site, Off Street, Paved, Parking Lot, See Remarks

Location

  • County: Grayson
  • Subdivision: Sherman Bus Centerrp
  • Driving Directions: From the North, go south on 75 to Hwy 82. Go east and exit Texoma Pkwy and go south. Go through Peyton St intersection, then Property is on your right Coming from the south, go North on 75 and exit Texoma Pkwy and go North, past E. Taylor St. It will be on your left. Make a U-turn at Peyton St.

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s), Electric, Multi Units
  • Heating Type: Central, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Connected, Natural Gas Available, Overhead Utilities, Phone Available, Sewer Available, Separate Meters, Water Available

Structural Information

  • Detached/Attached: Detached
  • Construction: Board & Batten Siding, Brick
  • Roof: Metal
  • Stories/Levels: 1
  • Square Feet: 4,932
  • Sq. Ft. Source: Appraiser
  • Year Built: 1973

Lot Features

  • Lot Size (Acres): 0.67
  • Lot Size (Sq. Ft.): 29,185
  • Lot Size Source: See Remarks
  • Lot Dimensions: 185 x 228
  • Frontage: City Street, Asphalt
  • Lot Features: Interior Lot, Landscaped, Level
  • Potential Use: Food Service, Restaurant
  • Zoning: COMMERCIAL

Financial Considerations

  • Tax Amount: $12,776
  • Terms: Cash, Conventional, 1031 Exchange, Other
  • Owner Pays: Exterior Maintenance, Roof Maintenance
  • Tenant Pays: All Utilities, Common Area Maintenance, Cable TV, Electricity, Gas, Grounds Care, Insurance, Janitorial Service, Management, Pest Control, Repairs, Security, Sewer, Taxes, Trash Collection

Disclosures and Reports

  • Legal Description: SHERMAN BUSINESS CENTER(RP), BLOCK 5, LOT PT
  • Exclusions: Personal property owned by tenant
  • Inclusions: Building Only, Land & Improvements
  • Property ID: 156862
  • Block: 5
  • Lot Number: 2

Listed by The Michael Group, Tony Fortner

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Listing agent

— 2124 Texoma Pkwy —

  • Tony Fortner

    The Michael Group

214-724-8364

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2124 Texoma Pkwy

School District:Sherman Independent School District
NameGradesDistance
Dillingham Elementary School
1701 Gallagher Drive, Sherman, TX 75090
K-50.9 mi
Sherman Middle
2201 East Lamar Street, Sherman, TX 75090
6-81.6 mi
Sherman High School
2907 West Travis Street, Sherman, TX 75092
9-124.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2124 Texoma Pkwy Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/10/2026
Price Increased
$950,000
8.57%
MLS
8/03/2026
Listed
$875,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2124 Texoma Pkwy

Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,776
14%
$582,507
—
2023
$11,209
-2%
$582,507
14%
2022
$11,395
—
$510,532
5%
2022
$11,395
25%
$486,191
30%
2021
$9,133
21%
$375,000
25%
2020
$7,519
-4%
$300,000
—
2019
$7,873
-3%
$300,000
—
2018
$8,086
14%
$300,000
6%
2017
$7,075
-1%
$281,995
-1%
2016
$7,111
3%
$285,669
2%
2015
$6,935
-3%
$279,157
-3%
2014
$7,116
16%
$286,420
15%
2013
$6,132
—
$249,233
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 2124 Texoma Pkwy

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by The Michael Group, Tony Fortner

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2124 Texoma Parkway, Sherman, TX 75090 (MLS# 21348527) is a Commercial Service property. 2124 Texoma Parkway is currently listed for $950,000 and was received on August 03, 2026. Want to learn more about 2124 Texoma Parkway? Do you have questions about finding other Commercial Service real estate for sale in Sherman? You can browse all Sherman real estate or contact a Coldwell Banker agent to request more information.

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