Bonham, TX 75418,1503 N Center Street
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Bonham, TX 75418,1503 N Center Street
Bonham, TX 75418,1503 N Center Street
Bonham, TX 75418,1503 N Center Street
Bonham, TX 75418,1503 N Center Street
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1503 N Center Street Bonham, TX 75418

0.37 Acres Lot


UPDATED:

12/20/2024 05:37 PM

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Subdivision No

MLS Listing ID 20794225

Total Fin. Sqft 1658

Year Built 1950

Annual Tax Amount $6,025

Lot Size 0.369 Acres

Acres 0.369

Property Description

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

State TX

County Fannin

Zoning Commercial

Direction From US highway 82 go towards south on Hwy 78 Property is in the right side at the corner of East 16 St.

Interior

Heating Central

Cooling Central Air

Flooring Luxury Vinyl Plank

Heat Source Central

Exterior

Utilities Available City Sewer, City Water

Roof Type Composition,Wood

Garage No

Building

Lot Description Corner Lot, Few Trees

Foundation Block

Structure Type Siding,Other

Others

Ownership See Public Records

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange


North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Anoo Sathappun • Redbud Offices LLC
agent

Devon Smith

Broker | License ID: 676928

+1(469) 583-2230

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1503 N Center Street