1331 Cherry St, Graham, TX 76450

$399,000

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List Price
$399,000
Status
ACTIVE
MLS#
21337696
Subtype
CommercialSale
Construction Status
Preowned
Year Built
1950
Lot Size
16,465
Acres
0.38
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

Taxes
$8,695
Flooring
Vinyl, Tile
Heating
Central, Electric
Air Conditioning
Central Air, Ceiling Fan(s)
Roof
Composition, Shingle
Foundation
Slab
Parking Features
Additional Parking, Circular Driveway, Paved, Driveway

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Calculator source: Real Geeks

Listing courtesy of Trenton Mooney from simpliHom. Contact: