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    607 Elm St Graham, TX 76450

    For Sale
    $1,755,000

    Downtown gem: Restaurant, hotel potential.

    Property size:
    17,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 17,400 square foot property, situated on a 0.21-acre lot at 607 Elm Street in Graham, Texas, presents a remarkable investment opportunity within the city's historic district. The building boasts a captivating blend of preserved historical charm and modern functionality. The ground floor has undergone a complete renovation, featuring brand new electrical, plumbing, and HVAC systems. Original historical elements, such as doors and ceiling tiles, have been carefully preserved, adding to the property's unique character and appeal. Currently, this level houses a successful restaurant and tap house, providing immediate income potential. The upper level, formerly a hotel, offers significant redevelopment potential. This space presents a unique opportunity to create boutique accommodations, catering to the growing tourism sector. A balcony provides scenic downtown views, enhancing the overall ambiance and appeal. A new elevator shaft is already installed, ensuring convenient accessibility for all. This property represents a rare chance to acquire a piece of Graham's rich history while simultaneously capitalizing on the potential for significant commercial success in a vibrant downtown location. The asking price is $1,755,000.

    Property Features for 607 Elm St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    17,400 SF
    Lot Size
    9,148 SF

    Building Details

    Year Built
    1904
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Goosehead Insurance - Helm ... Insurance Agency Stroud Asset Management Financial Planner Eberhart Insurance Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Graham
    County
    Young
    State
    Texas
    Longitude
    -98.58908
    Latitude
    33.1054

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    FAQs

    What type of property is this?
    Commercial real estate - Downtown gem: Restaurant, hotel potential.
    Where is this commercial real estate located?
    The property is located at 607 Elm St Graham, TX.
    What is the asking price?
    The asking price for this property is $1,755,000.
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    607 Elm St Graham, TX 76450
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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
    607 Elm St Graham, TX 76450
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