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417 N Main St
Bonham, TX 75418
Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Currently a modern chiopractic office floorplan, in good condition.
- Downtown Bonham location on the square across form the courthouse.
- 2nd Floor space requires new set of stairs and remodeling.
EXECUTIVE SUMMARY
The subject property is a well designed office with recent use as a medical chiopractic office. The condition is good and fresh. Multiple room and areas offer many interior floorplan uses for a multiple business office, retail and even speciality use as designed. The second floor has not been used in a very longtime, maybe 40+ years. The interior stairs have been removed but access is available from the adjacent property for viewing. The location in downtown Bonham is very exciting and parking space availability if very good. There is rear property access also. The sellers do have their medical office equipment on site at this time. The ground floor does offer 2,730 sf of space per Tax Data. Fannin County and especially Bonham is growing along with most of the North Texas area markets. The Cap Rate and Estimated NOI is proposed based on Market Rates. The space isnot 100% leased but is occupied by the owners. All FF&E is not included in the price.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,730 SF
Building Class
C
Year Built
1956
Price
$528,781 CAD
Price Per SF
$193.69 CAD
Cap Rate
6.86%
NOI
$36,275 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.67
Lot Size
0.09 AC
Zoning
Commercial
Frontage
23’ on N Main St
AMENITIES
- Signage
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 93686 | Improvements Assessment | $396,060 CAD |
| Land Assessment | $47,831 CAD | Total Assessment | $443,892 CAD |
PROPERTY TAXES
Parcel Number
93686
Land Assessment
$47,831 CAD
Improvements Assessment
$396,060 CAD
Total Assessment
$443,892 CAD
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