# 1601 Kennedy Street, Bonham, TX 75418 > **TL;DR:** commercial, $300,000 ($14/sqft), built 1970, 21,064 sqft. > A/C. Est. $1,605/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $300,000 | | Price/sqft | $14 | | Square Feet | 21,064 | | Year Built | 1970 | | Lot Size | 70,219 sqft (1.61 acres) | | Stories | 1 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 0 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,517 | | Estimated Insurance | $88 | | **Total** | **$1,605** | ## Key Amenities - A/C ## Property Highlights - Built in 1970 - 1.61 acre lot ## Description ### Agent 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. ## Location - **Address:** 1601 Kennedy Street, Bonham, TX 75418 - **County:** Fannin - **Neighborhood:** H Burkhardt Surv Abs # 112 - **Coordinates:** 33.5896225, -96.18309092 - **Google Maps:** https://www.google.com/maps?q=33.5896225,-96.18309092 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/ntreis/21400515 ## Listing Agent - **Name:** David Cullar - **Brokerage:** RE/MAX DFW Associates - **Broker Phone:** (972) 462-8181 ## Photos ![1601 Kennedy Street - Photo 1](http://lh.rdcpix.com/00fe183c742034b33efad11e07d6ce95l-f2616403549r.jpg) ![1601 Kennedy Street - Photo 2](http://lh.rdcpix.com/00fe183c742034b33efad11e07d6ce95l-f760134911r.jpg) ![1601 Kennedy Street - Photo 3](http://lh.rdcpix.com/00fe183c742034b33efad11e07d6ce95l-f2284102544r.jpg) ![1601 Kennedy Street - Photo 4](http://lh.rdcpix.com/00fe183c742034b33efad11e07d6ce95l-f1513814624r.jpg) ![1601 Kennedy Street - Photo 5](http://lh.rdcpix.com/00fe183c742034b33efad11e07d6ce95l-f3179876827r.jpg) ![1601 Kennedy Street - Photo 6](http://lh.rdcpix.com/00fe183c742034b33efad11e07d6ce95l-f3233311940r.jpg) ![1601 Kennedy Street - Photo 7](http://lh.rdcpix.com/00fe183c742034b33efad11e07d6ce95l-f3752859775r.jpg) ![1601 Kennedy Street - Photo 8](http://lh.rdcpix.com/00fe183c742034b33efad11e07d6ce95l-f2611301048r.jpg) ![1601 Kennedy Street - Photo 9](http://lh.rdcpix.com/00fe183c742034b33efad11e07d6ce95l-f57630909r.jpg) ![1601 Kennedy Street - Photo 10](http://lh.rdcpix.com/00fe183c742034b33efad11e07d6ce95l-f2951447693r.jpg) ![1601 Kennedy Street - Photo 11](http://lh.rdcpix.com/00fe183c742034b33efad11e07d6ce95l-f2642484393r.jpg) ![1601 Kennedy Street - Photo 12](http://lh.rdcpix.com/00fe183c742034b33efad11e07d6ce95l-f570512770r.jpg) ![1601 Kennedy Street - Photo 13](http://lh.rdcpix.com/00fe183c742034b33efad11e07d6ce95l-f1848151901r.jpg) ![1601 Kennedy Street - Photo 14](http://lh.rdcpix.com/00fe183c742034b33efad11e07d6ce95l-f485378394r.jpg) ![1601 Kennedy Street - Photo 15](http://lh.rdcpix.com/00fe183c742034b33efad11e07d6ce95l-f3087080135r.jpg) --- **MLS#:** 21400515 | **Updated:** 2026-10-24 **Source:** listhub *Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/1601-kennedy-street-bonham-tx-75418-dc3600a559c14cf082a4a83de5c9fd36) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1601-kennedy-street-bonham-tx-75418-dc3600a559c14cf082a4a83de5c9fd36#listing", "url": "https://www.propertysimple.ai/listing/1601-kennedy-street-bonham-tx-75418-dc3600a559c14cf082a4a83de5c9fd36", "name": "1601 Kennedy Street, Bonham, TX 75418", "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. 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