UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 3,924 sqft
Price per Sqft $101
Subdivision South Park
MLS Listing ID 21337696
HOA Y/N No
Year Built 1950
Annual Tax Amount $8,695
Lot Size 0.378 Acres
Acres 0.378
Property Sub-Type Business
Property Description
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.
Location
State TX
County Young
Zoning Real Commercial
Direction GPS Friendly
Interior
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s)
Flooring Luxury Vinyl Plank, Tile
Inclusions Business, Land & Improvements
Fireplace No
Exterior
Parking Features Additional Parking, Circular Driveway, Concrete, Driveway
Utilities Available Electricity Available, Electricity Connected, Sewer Available, Water Available
Water Access Desc Public
Roof Type Composition,Shingle
Accessibility Accessible Full Bath, Grip-Accessible Features, Accessible Kitchen, Accessible Approach with Ramp, Accessible Hallway(s)
Road Frontage City Street
Private Pool No
Building
Lot Description Corner Lot
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Others
Tax ID 11433
Security Features Fire Alarm,Fire Sprinkler System,Smoke Detector(s)
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21337696
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION