709 Sam Rayburn DrBonham, TX 75418

  • Commercial real estate
  • 1,574 SF
For Sale
$299,500 View listing

Property Details for 709 Sam Rayburn Dr

Year built
2002
Construction
WOOD FRAME
Lot size
1.33 AC
Property size (Sq ft)
1,574 SF
Property type
Commercial real estate
APN
83642
APU
83642

Description

This exceptional 2.5-acre commercial property in Bonham, Texas, presents a unique investment opportunity. Located at 709 W Sam Rayburn, near the downtown area, the property boasts a vibrant food truck park featuring ten leasable spaces, three of which are currently occupied. The park includes a fully equipped commissary with restrooms, and a sizable stage complete with electrical hookups, ideal for live entertainment and community events. Adding to its versatility, the property also includes a retail store currently occupied by a tenant, although the lease is not in place, providing the new owner with considerable flexibility. The existing building offers 672 square feet of retail space. The property also features an additional vacant lot, and on-site parking meters. This turnkey operation offers immediate income potential from the existing food truck leases and retail tenant, while the vacant lot and ample space provide significant room for expansion and future development. The property's prime location near downtown Bonham ensures high visibility and accessibility, making it an attractive destination for both locals and tourists. This is a rare opportunity to acquire a well-established and profitable commercial property with significant upside potential. The asking price is $299,500.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $396,766
    Hospitality
    $363,435
    Educational
    $302,374
    Medical
    $312,773
    Retail
    $470,359

Location Insight

City
Bonham
County
Fannin
State
Texas
Latitude
33.5765
Longitude
-96.1863
CBSA code
14300
CBSA name
BONHAM, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2018
$3,618
$143,240
$156,760
$300,000
-
$143,240
$156,760
$300,000

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