607 Elm St Graham, TX 76450-3067
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.
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Goosehead Insurance - Helm Insurance Services Insurance Agency
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Stroud Asset Management Financial Advisor
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Eberhart Insurance Insurance Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.