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    505 S Main St Bonham, TX 75418

    Under Contract
    For Sale
    $38,940

    Unimproved Land - Bonham, TX

    Type:Unimproved Land
    Lot size:
    0.34 Acres
    Days on Market:
    51
    Last Refresh:
    Dec 11 at 2:06 am

    Property Features for 505 S Main St

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active Under Contract
    APN
    000000093125
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    0.34 Acres

    Building Details

    Architectural style
    Other

    Weichert, Realtors - Solid Ground (903) 583-4900 [email protected]

    Listing agent Christopher Alexander (903) 583-4900 License #0678451

    Listing date Oct 22, 2025

    MLS# 21063135 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bonham Land Near Downtown

    This 0.341-acre unimproved land is located in Bonham, Texas, within walking distance of downtown, Powder Creek Park, and a splash pad. The property is situated in an area where new homes are currently under construction. It is located in a floodplain, which will necessitate flood insurance. The property is owned by Bonham Economic Development Corporation (BEDCO). Contracts are reviewed monthly at BEDCO meetings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Los Amigos Mexican Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bonham
    County
    Fannin
    State
    Texas
    Longitude
    -96.17966
    Latitude
    33.572002

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    FAQs

    What type of property is this?
    Land - Unimproved land near downtown Bonham, close to amenities.
    Where is this land located?
    The property is located at 505 S Main St Bonham, TX.
    What is the asking price?
    The asking price for this property is $38,940.
    What are key features of this property?
    This property features: - Walking distance to downtown.; - Proximity to Powder Creek Park and splash pad.; - Located in an area with new home construction.
    (903) 583-4900
    Request Owner's contact information
    505 S Main St Bonham, TX 75418
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    Bonham, TX 75418
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    505 S Main St Bonham, TX 75418
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