1601 Kennedy ST, Bonham, TX 75418
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1601 Kennedy ST, Bonham, TX 75418
1601 Kennedy ST, Bonham, TX 75418
1601 Kennedy ST, Bonham, TX 75418
1601 Kennedy ST, Bonham, TX 75418
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OnDemand Realty Commercial

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1601 Kennedy ST Bonham, TX 75418

21,064 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 21,064 sqft

Price per Sqft $14

Subdivision H Burkhardt Surv Abs # 112

MLS Listing ID 21400515

Construction Status Resale

HOA Y/N No

Year Built 1970

Annual Tax Amount $17,794

Lot Size 1.612 Acres

Acres 1.612

Property Sub-Type Business

Property 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.

Location

State TX

County Fannin

Zoning Multifamily Residential, Higher Density

Direction From SH 121 business in Bonham travel to War Path Drive and travel to Albert Broadfoot and turn left. Go to Lee St. and turn right then right on Kennedy. Property is the corner lot to your right. Chain link fence around property and sign on fence..

Interior

Heating Central, Natural Gas, Other

Cooling Central Air, Multi Units, Other, Zoned

Flooring Tile

Inclusions Land & Improvements

Fireplace No

Exterior

Parking Features Asphalt, Outside, Paved, Parking Lot

Utilities Available Cable Available, Electricity Connected, Natural Gas Available, Sewer Available, Water Available

Water Access Desc Public

Roof Type Asphalt,Shingle

Topography Varied

Street Surface Asphalt

Accessibility ADA Compliant, Accessible Full Bath, Accessible Bedroom, Grip-Accessible Features, Accessible Approach with Ramp, Accessible Doors, Accessible Entrance, Accessible Hallway(s)

Road Frontage City Street, Other, All Weather Road

Private Pool No

Building

Lot Description Landscaped, Level, Many Trees, Sloped

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

Construction Status Resale

Others

Senior Community No

Tax ID 000000071300

Acceptable Financing Cash, Conventional, 1031 Exchange, Owner Will Carry

Listing Terms Cash, Conventional, 1031 Exchange, Owner Will Carry

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21400515

OnDemand Realty Commercial

OnDemand Realty Commercial

License ID: 0674395

+1(214) 766-5833

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1601 Kennedy ST