1331 CHERRY STREET, GRAHAM, TX 76450
Homes for sale in Graham.
Homes for sale in 76450.
List Price$399,000
1331 Cherry Street
Graham, TX 76450
Listing #21337696
About This Property
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% 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.
Property Features
Location Information
County
Young
Subdivision
South Park
Interior Features
Has Fireplace
No
Tenant Pays
None
Heating
Central, Electric
Total Number of Units
9
Cooling
Central Air, Ceiling Fan(s)
Accessibility
Accessible Full Bath, Grip-Accessible Features, Acce
Floors
Luxury Vinyl Plank, Tile
Exterior Features
Construction
Brick, Concrete
Lot Size in Sq. Ft.
16,465
Foundation
Slab
Possible Best Use
Office, Other
Roof
Composition, Shingle
Zoning
Real Commercial
Utilities
Electricity Available, Electricity Connected, Sewer Available, Water Available
Building Total Area (Sq. Ft.)
3,924
Security System
Fire Alarm, Fire Sprinkler System, Smoke Detector(s)
Road Description
City Street
Parking Description
Additional Parking, Circular Driveway, Concrete, Driveway
Is One Story
No
Lot Description
Corner Lot
Lot Description
Corner Lot
Lot Size in Acres
0.378
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
COM
Tax Annual Amount
8695.0
Property SubType
Business
Lot Acres Source
Assessor
Year Built
1950
Similar Listings
Mortgage Calculator
$1,862
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,437
Monthly Tax
$332
Monthly Insurance
$93
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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Walk Score
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