$300,000
( $14.24Per Sq Foot )
 $1,703 est/mo Sourced by Back At You

1601 Kennedy Street,Bonham, TX 75418

Bonham, TX 75418

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Description

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.

Details

MLS #21400515
Listing TypeFor Sale
StyleBusiness
Sub-TypeResale
StatusActive
Year1970
Days On Site32
Listing Provided ByRE/MAX DFW Associates | David Cullar

Features

SQ Feet21,064
Story(s)1
ZoningMultifamily Residential, Higher
Acreage1.61

Interior

CoolingCentral Air, Multi Units, Zoned, Other
HeatingCentral, Natural Gas, Other

Exterior

RoofAsphalt, Shingle
Construction MaterialsBrick
Foundation DetailsSlab
Lot FeaturesLandscaped, Level, Many Trees, Sloped, Varied

Parking

Parking FeaturesAsphalt, Outside, Parking Lot, Paved

Utilities

UtilitiesAll Weather Road, Asphalt, Cable Available, City Sewer, City Water, Electricity Connected, Master Gas Meter, Master Water Meter, Natural Gas Available

Taxes

Unexempt Taxes17794
Tax Legal DescriptionA0112 H BURKHARDT, ACRES 1.612

Area Information

StateTX
CountyFannin
CityBonham
Zip Code75418
AreaFannin
Community NameH Burkhardt Surv Abs # 112
Listing VS Median (in H Burkhardt Surv Abs # 112)
Price:
$300,000
low | high
Med:
$300,000
50% of Average
sqft:
21,064
low | high
Med:
21,064
50% of Average
$ / sqft:
$14
low | high
Med:
$14
50% of Average
On site:
32
low | high
Med:
32
100% of Average
Sourced by Back At You

Market Activity 75418

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All information provided by the seller and is deemed to be correct, but is not guaranteed. Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. You may not reproduce or redistribute this data—it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS.

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Learn More About This Property

StateTX
CountyFannin
CityBonham
Zip Code75418
AreaFannin
Community NameH Burkhardt Surv Abs # 112
Listing VS Median (in H Burkhardt Surv Abs # 112)
Price:
$300,000
low | high
Med:
$300,000
50% of Average
sqft:
21,064
low | high
Med:
21,064
50% of Average
$ / sqft:
$14
low | high
Med:
$14
50% of Average
On site:
32
low | high
Med:
32
100% of Average
Sourced by Back At You
Listing Updated: October 2, 2026 at 6:27:39 PM PDT