21,064 sqft

$300,000

1601 Kennedy Street, Bonham TX, 75418

Price per sqft$14.24

Built in1970

Property size21,064 sqft

Property typeCommercial

Overview

Active

Updated 5 days ago

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.

Additional information

MLS^® ID: 21400515

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 1.61 Acres

Other Property Details

Taxes: $17,794
Tax Frequency: Annually
55+/Senior Community: No

Listed by David Cullar with RE/MAX DFW Associates
Listing Contact: 469-323-5699

The IDX display contains information sourced from the North Texas Real Estate Information Systems, Inc. as of 10/3/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 10/3/2026 at 6:05 AM UTC