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1601 Kennedy Street Bonham, TX $ 300,000
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1601 Kennedy Street
$ 300,000
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1601 Kennedy Street

Bonham, TX, 75418
$ 300,000
Bedrooms-- Baths-- Sq 21,064

Monthly Estimate*

$ 1,894

1601 Kennedy Street, Bonham, TX 75418 - Image 1
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1601 Kennedy Street, Bonham, TX 75418 - Image 9
1601 Kennedy Street, Bonham, TX 75418 - Image 10
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Commercial Property for sale in Bonham, TX

for $300,000. This 21,064 square foot building was built in 1970 on a lot size of 1.612.

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.

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Commercial Active

Price

$ 300,000

Property Type

Commercial

Taxes

$ 17,794

Style

Business

Lot Size

1.612

Year Built

1970

Town/City

Bonham

County/Region

Fannin

MLS | Web ID

21400515
Features
General
Heating Central Natural Gas Other
Cooling Central Air Multi Units Zoned Other
Utilities All Weather Road Asphalt Cable Available City Sewer City Water Electricity Connected Master Gas Meter Master Water Meter Natural Gas Available
Ceiling Height 8 to10 Feet
Possession Closing/Funding
Roof Asphalt Shingle
Year Built 1970
Business Type Nursing Home Other
Property Subtype Business
Subdivision Name H Burkhardt Surv Abs # 112
Accessibility Features Accessible Approach with Ramp Accessible Bath - Full Accessible Bedroom Accessible Doors Accessible Entrance Accessible Grip Accessible Hallway(s) Meets ADA Requirements
Occupant Type Vacant
County Fannin
Property Type Commercial Sale
Construction Materials Brick
Year Built Details Preowned
Status Active
Directions 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.
City Bonham
Standard Status Active
Listing Terms 1031 Exchange Cash Conventional Owner Will Carry
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Exterior
Waterfront 0
Lot Features Landscaped Level Many Trees Sloped Varied
Lot Size Source Assessor
Parking Features Asphalt Outside Parking Lot Paved
Lot Size 1 to < 3 Acres
Foundation Slab
Building Area Total 21064.00
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Interior
Flooring Tile
Total Stories 1
Total Units 1
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Internal Only
Street Number 1 1601
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* Excluded Features
List By
David Cullar

Listing Agent

Re/Max Dfw Associates

Broker

Affordability Calculator

$3,377
Per Month
56%
44%
0%
Monthly Principal & Interest
$1,894
Monthly Property Taxes
$1,483
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
288163 Elementary School
288375 Middle School
Unknown High School High School
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Pricing History
Date Price Price Change Description
10/2/2026 $300,000 Listed Price

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1601 Kennedy Street, Bonham, TX, 75418 is a Commercial Property for sale at $300,000 with 21,064 sqft and a lot size of 1.612. 1601 Kennedy Street was built in 1970. The property's zip code is 75418 which is in Bonham, TX

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