1503 N Center Street, Bonham, TX 75418

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$550,000

bedrooms

bathrooms

square feet

Acreage

0.369

Open Houses

year built

1950

Full Baths

Half Baths

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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

Location
Subdivision	No
County	Fannin
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 20794225

Listing agent: Anoo Sathappun #0635204

Listing broker: Ton Nu Group Llc (214) 763-0411

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. [source]

Last update: Tuesday, April 22 2025 at 3:11 p.m. EDT

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