Date
Details
Price
Change
Source
10/02/2026
Listed
$300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/15
$300,000 Just Listed
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1/15
Property Description
Owner-financed value-add in a Bonham Opportunity Zone. Former nursing home with more than 21,000 square feet under roof on 1.6 acres in a quiet residential part of town. Sold as-is. Substantial remodeling is required. Interior demolition has been started and is not finished. The slab and structure appear sound. Buyers should verify with their own inspection. A fire suppression and detection system is in place, often a major cost in a building of this type. The layout already has private rooms, corridors, a nurses' station, dining, and a med room. Possible uses, subject to zoning, licensing, and buyer due diligence, include assisted living or memory care, residential treatment or behavioral health, and disability group housing. Confirm Opportunity Zone tract status before relying on any tax benefit. Owner financing will require at least 20 percent down payment. NOTE! Year built is not available through tax records and 1970 is strictly an estimate.
Full Property Details
Full Property Details for 1601 Kennedy St
General
- Price: $300,000
- Taxes: $17,794
- Status: Active
- Type: Business
- Source: NTREIS
- MLS ID: 21400515
- Updated: 10/2/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Nursing Home, Other
Interior
- Flooring: Tile
Parking
- Parking Features: Asphalt, Outside, Paved, Parking Lot
Location
- County: Fannin
- Subdivision: H Burkhardt Surv Abs # 112
- Driving Directions: From SH 121 business in Bonham travel to War Path Drive and travel to Albert Broadfoot and turn left. Go to Lee St. and turn right then right on Kennedy. Property is the corner lot to your right. Chain link fence around property and sign on fence..
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Multi Units, Other, Zoned
- Heating Type: Central, Natural Gas, Other
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Connected, Natural Gas Available, Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Brick
- Roof: Asphalt, Shingle
- Stories/Levels: 1
- Square Feet: 21,064
- Sq. Ft. Source: Assessor
- Year Built: 1970
- Property Condition: Resale
Lot Features
- Lot Size (Acres): 1.612
- Lot Size (Sq. Ft.): 70,218.72
- Lot Size Source: Assessor
- Frontage: City Street, Other, All Weather Road, Asphalt
- Topography: Varied
- Lot Features: Landscaped, Level, Many Trees, Sloped
- Potential Use: Medical/Dental, Other
- Zoning: Multifamily Residential, Higher Density
Financial Considerations
- Tax Amount: $17,794
- Terms: Cash, Conventional, 1031 Exchange, Owner Will Carry
- Tenant Pays: Other
Disclosures and Reports
- Legal Description: A0112 H BURKHARDT, ACRES 1.612
- Inclusions: Land & Improvements
- Property ID: 71300
Listed by RE/MAX DFW Associates, David Cullar
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Listing agent
— 1601 Kennedy St —
David Cullar
RE/MAX DFW Associates
469-323-5699
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1601 Kennedy St
School District:Bonham Independent School District
| Name | Grades | Distance |
|---|---|---|
Evans Elementary School 1300 North Main Street, Bonham, TX 75418 | 4-6 | 0.3 mi |
Finley-Oates Elementary School 1901 Albert Broadfoot Street, Bonham, TX 75418 | K-3 | 0.4 mi |
Rather L High School 1201 North Main Street, Bonham, TX 75418 | 7-8 | 0.4 mi |
Bonham High School 1002 Warpath Drive, Bonham, TX 75418 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1601 Kennedy St
Tax History
Tax History for 1601 Kennedy St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$18,078
15%
$932,060
-2%
2024
$15,723
100%
$949,240
41%
2018
100%
$675,510
8%
2018
100%
$626,470
9%
2018
100%
$573,040
-1%
2018
100%
$579,110
-7%
2018
100%
$620,620
12%
2018
100%
$554,730
-3%
2014
100%
$570,670
-5%
2014
—
$599,010
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1601 Kennedy St
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1601 Kennedy Street, Bonham, TX 75418 (MLS# 21400515) is a Business property. 1601 Kennedy Street is currently listed for $300,000 and was received on October 02, 2026. Want to learn more about 1601 Kennedy Street? Do you have questions about finding other Business real estate for sale in Bonham? You can browse all Bonham real estate or contact a Coldwell Banker agent to request more information.