1709 Bonham Bonham, TX 75418
This exceptional investment opportunity encompasses 9.67 acres of land in Bonham, Texas, strategically situated along State Highway 121. The property boasts over 400 feet of highway frontage, providing unparalleled visibility and accessibility. Three existing highway entrances enhance convenience. The site presents significant development potential, combining a currently operating restaurant with substantial additional acreage. The existing restaurant building, approximately 2,820 square feet, is situated on a 0.66-acre parcel zoned for business use. A separate 9.07-acre tract is zoned multi-family. This larger parcel includes a 2,400 square foot home (per Fannin CAD). The property's zoning allows for diverse development options, catering to a range of commercial and residential uses. The asking price is $4,600,000, translating to $1,631 per square foot. Built in 1996, the single-story restaurant offers immediate income potential, while the expansive land provides a platform for future expansion and development. The property's location on a major thoroughfare in a rapidly growing area makes it an attractive investment for both developers and business owners. The APN is 000000079778. This property is located at 1709 N State Highway 121, Bonham, TX 75418.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.