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Property Details:

County or Parish
Fannin
Lot Size
1 to < 3 Acres
Lot Size (Acres)
1.6120
Lot Size Area
1.6120
Lot Size (Square Feet)
70218.7200
Zoning Description
Multifamily Residential, Higher Density

Interior Information:

Ceiling Height
8 to10 Feet
Heating
Central,Natural Gas,Other
Cooling
Central Air,Multi Units,Zoned,Other
Flooring
Tile
Stories Total
1

Exterior Information:

Lot Features
Landscaped,Level,Many Trees,Sloped,Varied
Lot Size
1 to < 3 Acres
Acres
1.6120
Waterfront
No

Commercial Info:

Building Area Total
21064.00
Building Use
Medical,Other
Freight Doors
Grade Level

Map

Flood information: FEMA National Flood Hazard Layer (NFHL). Coverage varies; no shading does not mean no flood risk. This map is informational, not an official flood determination for insurance or lending. Verify current maps at the FEMA Map Service Center.

MLS 21400515

1601 Kennedy Street

Bonham, Texas
$300,000
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Type: Commercial Sale
SqFt: 21,064 Year Built: 1970
Remarks: Owner-financed value-add in a Bonham Opportunity Zone. Former nursing home with more than 21,000 square feet under roof on 1.6 acres in a quiet residential part of town. Sold as-is. Substantial remodeling is required. Interior demolition has been started and is not finished. The slab and structure appear sound. Buyers should verify with their own inspection. A fire suppression and detection system is in place, often a major cost in a building of this type. The layout already has private rooms, corridors, a nurses’ station, dining, and a med room. Possible uses, subject to zoning, licensing, and buyer due diligence, include assisted living or memory care, residential treatment or behavioral health, and disability group housing. Confirm Opportunity Zone tract status before relying on any tax benefit. Owner financing will require at least 20 percent down payment. NOTE! Year built is not available through tax records and 1970 is strictly an estimate.
Active
Listed by: David Cullar
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Tony C Hager

Tony C Hager

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