Downtown Sherman could soon be home to an auction house, something the city does not currently have.

The Sherman Planning and Zoning Commission recently approved a specific use permit and site plan for the proposed auction house at 316 W. Lamar St. The request for the permit came from owners Los Hermanos Partnership LLC and prospective tenants Doug Smith and Teresa Jacoby, who would operate the business as North Texas Auction Co.

“We’re glad to have them moving forward with bringing an auction house here,” Los Hermanos partner Tom Shields said of Smith and Jacoby. “They’re experienced and have been doing it for a long time. They run a good clean business.”

Smith also owns an auction house in Quinlan and Jacoby has one in Farmersville. In a letter to the commission, the auctioneers said they each have dedicated audiences for their auctions and believe many of those fans would travel to Sherman for this proposed auction house. They stated the North Texas Auction Co. would bring business into Sherman from Farmersville, Greenville, McKinney, Frisco, Lavon, Blue Ridge, Quinlan and Denton. It would also give existing local antique shops a new opportunity to find goods, such as jewelry, coins, collectibles and antiques, as well as sell merchandise.

Jacoby said the auctions would be held on Saturdays starting at noon, with previews starting at 11 a.m.

“We also advertise all across the country,” she said. “We do a prebid, so (it would be) putting Sherman, Texas, out there all across the country.”

The applicants’ letter to the commission said the auction house would also likely hold specialty auctions with item/genre specific sales from time to time.

Shields was excited about adding this business to the city’s downtown area, noting in the last two years, Los Hermanos has probably purchased more than 40 properties in the area, with the majority in the greater Downtown Sherman area.

“We like this property, think the property looks good — it’s in good shape,” Shields said. “I think we’ve had 14 vacant buildings, that were vacant two years ago, that are now occupied and they would be No. 15.”

The commission’s board of adjustments also approved an exception to allow the building, which formerly housed a specialty automobile painting business, to keep its current metal exterior except for the side facing the street. The board required the portion of the building facing the street, from the brick to the eve, have an architectural panel or masonry finish.

“With Lamar being a one-way street, yes the westside is metal, but you really just get a glimpse of that and the building is in good shape,” Shields said when the city’s current masonry requirement came up.

Commissioner Sam Thorpe pushed for an upgrade to the building’s front facade.

“Any chance we can get to make it look a little bit better would be beneficial for everybody, I think, around town,” Thorpe said.

Commission Chairman Joe Gilbert expressed less concern about the current appearance of the building.

“My thoughts are that the building looks good and it conforms,” Gilbert said. “There’s another metal building across the street with metal all over it. Whatever you guys want to do is fine with me, but I think it looks fine.”

The remaining board members agreed with Thorpe, with Commissioner Sean Vanderveer calling the building “kind of an artery into downtown,” and decided to require the architectural panel or masonry finish on the exterior. The exception was approved unanimously by the board, with Gilbert also voting in favor of it. Shields said he understood the decision.

“This is an exciting time for Sherman, and I’m sure you’re going to get more stuff (like this) come in,” the Los Hermanos partner said.