119 5Th StBonham, TX 75418

For Sale
$895,000

Historic Downtown Bonham Investment

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional property at 119 E 5th Street, Bonham, TX 75418, presents a unique investment opportunity. Located on the north side of the historic town square, directly across from the newly renovated courthouse, this building offers a blend of commercial and residential space. The main level encompasses approximately 5,016 square feet, currently configured as a turnkey restaurant and bar, generating a monthly lease income of $2,750. Upstairs, a beautifully appointed 2-bedroom, 2-bathroom luxury loft apartment, previously leased for $1,800 per month, boasts exquisite antique furnishings, a chef's kitchen, and stunning courthouse views. The entire 5,016 square foot building has undergone extensive renovations, resulting in a sophisticated, bright, and inviting atmosphere. The 3,528 square foot lot provides ample space. Situated in a revitalized downtown area, this versatile property offers strong potential for continued rental income and future appreciation in a thriving Texas town. The asking price for this combined retail and residential property is $895,000.

Highlights

  • $895,000 asking price.
  • Retail and land property totaling 5,016 square feet.
  • Located at 119 E 5th Street, Bonham, TX 75418.
  • 3,528 square foot lot.
  • Features a ground floor restaurant/bar currently leased for $2,750/month and a 2-bed, 2-bath upstairs loft previously leased for $1,800/month.

Location Insight

City
Bonham
County
Fannin
State
Texas
Latitude
33.5782073
Longitude
-96.1785751
119 5Th St, Bonham, Texas

FAQs

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119 5Th St
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