1400 Gribble StSherman, TX 75090

  • Commercial real estate
  • 4,291 SF
For Sale
$5,400,000 View listing

Property Details for 1400 Gribble St

Year built
1944
Lot size
9.36 AC
Property size (Sq ft)
4,291 SF
Property type
Commercial real estate
APN
S047 0963293
APU
S0470963293

Description

This exceptional 24,291 square foot office compound, situated on a 9.36-acre lot in Sherman, Texas, presents a truly unparalleled opportunity. Ideally located within an eighth of a mile from Sherman Municipal Airport and just one mile from the burgeoning I.T. corridor, this property boasts immense potential for a variety of uses. The main building encompasses 18,991 square feet, complemented by a 5,300 square foot accessory building. High-end finishes throughout include marble countertops and a bar, lighted cabinetry, lead glass, crystal chandeliers, and hardwood floors. The property also features a unique indoor shooting range, a large kitchen equipped with a La Cornue range, a pantry, and chef's space. Extensive outdoor covered patios and an outdoor kitchen provide ample space for entertaining. The main building's impressive interior includes a 120 x 60 foot room with 23-foot ceilings, six multi-bathrooms, and various other large rooms (exact measurements are available in accompanying photos). A ground-level 12-foot overhead door provides convenient access. Automated window shades, security systems, accent lighting, and two built-in vaults enhance both functionality and security. The exterior features heavy decorative ironwork over the main roll-up door and wrought iron surrounding the front building, along with security cameras. Epoxy flooring is present in select areas. This property offers a rare blend of luxury, functionality, and prime location, making it an exceptional investment opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,232,392
    Hospitality
    $1,128,864
    Educational
    $939,202
    Medical
    $971,502
    Retail
    $1,460,981

Location Insight

City
Sherman
County
Grayson
State
Texas
Latitude
33.6252
Longitude
-96.5911
CBSA code
43300
CBSA name
SHERMAN-DENISON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$8,265
$226,286
$612,599
$838,885
-
$226,286
$612,599
$838,885

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