1503 Center, Bonham, Texas

$550,000
Active
1503 Center, Bonham, Texas
1503 Center, Bonham, Texas
1503 Center, Bonham, Texas
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Property Details

MLS ID: 20794225
Status: Active
Price: $550,000
Acres: 0.37±
Type: Office Building, Commercial
Address: 1503 Center
City, State: Bonham, TX
County: Fannin County
ZIP Code: 75418
Lat/Long: 33.58840, -96.17756
Parcel Number: 000000071404
Year Built: 1950

Description

Fully Leased commercial Building. Leased to State of Texas- Texas Family Initiative for monthly rent of $3600 unit nov 30 -2028 with every year $100 increse in rent . Cap Rate of 6.5. Utilities and maintenance on actuals paid directly by tenant. Repairs to be paid by tenant unless structural.

Rent clause image from lease agreement. Owner Pays Annual Taxes of $6100 -Year & Insurance -$2600 per Year

Fully Reconstructed in 2023 -Independent freestanding building:

New HVAC Systems & duct work 2023 – 10-Year warranty;New Commercial Electrical wiring systems-2023

New Plumbing and ADA restrooms-2023;New Foam insulation-2023;New doors, trims and windows-2023

New Flooring, Painting, door knobs and other finish items-2023;New concrete, sidewalks, parking per approved site plan;New Landscaping

Directions: From US highway 82 go towards south on Hwy 78 Property is in the right side at the corner of East 16 St.

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Stuart Hall

Stuart Hall

Frontier Properties Real Estate LLC

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Frontier Properties Real Estate LLC
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All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of March 18, 2025 at 12:00:00 PM UTC.

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. This data was last updated on: March 18, 2025 at 12:00:00 PM UTC

Listed By: Anoo Sathappun of Redbud Offices Llc

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