1331 Cherry St, Graham, TX 76450

$399,000

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$399,000
MLS#
21337696
Status
ACTIVE
Type
Commercial
Subtype
CommercialSale
Year Built
1950
Acres
0.38
County
Young
City
Graham
Subdivision
South Park

Property Description

Exceptional investment opportunity at 1331 Cherry St. in Graham, Texas! Formerly known as Trinity Senior Living, this beautifully remodeled and updated 3,900 square foot property is offered fully furnished and thoughtfully designed with 9 bedrooms (2 of them are currently office and storage), spacious common living areas, a large kitchen, dining area, laundry room, and an inviting screened porch. The property features 3 full bathrooms, including an ADA-accessible spa-style shower room, plus 1 half bath, creating a functional layout for a variety of potential uses. The home is approximately 90 percent complete, with the primary remaining improvement being completion of the fire sprinkler system and related finish work. Currently fully staffed, this property presents an outstanding opportunity for an entrepreneur, investor, or operator seeking to complete and customize the final phase for their intended use. The flexible floor plan lends itself to a variety of possibilities, including a residential senior living concept (subject to licensing, zoning, and governmental approvals), corporate housing, a boutique hospitality venture, or other residential investment opportunities. Conveniently located in Graham, the property also offers easy access to some of North Texas’ premier outdoor destinations, including Possum Kingdom Lake (approximately 30 minutes to both the east and west sides), Graham Lake, and Hubbard Creek Lake in nearby Breckenridge, making it an attractive option for those exploring boutique lodging or vacation rental possibilities where permitted. Whether you’re looking to establish a residential care business, create a unique hospitality experience, or invest in a versatile commercial property, 1331 Cherry St. offers an exceptional foundation with tremendous upside.

Additional Information

Unexempt Taxes
$8,695
Tenant Pays
None
Lot Size
16,465
Lot Description
Corner Lot
Flooring
Vinyl, Tile
Foundation
Slab
Roof
Composition, Shingle
Building Stories
1
Parking Garage
Additional Parking, Circular Driveway, Paved, Driveway
Business Name
Trinity Senior Living
Proposed Use
Office, Other
Inclusions
Business, Land & Improvements
Possession
CloseOfEscrow

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Trenton Mooney from simpliHom. Contact: