1331 Cherry StreetGraham, TX 76450

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.

Property Information

Property type

Commercial Sale

Sub-type

Business

Year built

1950

Stories

1

Building area

3,924 Sq Ft

Lot size

0.38 acres

Days on market

77

MLS^® Listing#

21337696

Property Features

Cooling

Ceiling Fan(s) · Central Air

Heating

Central · Electric

Flooring

Tile · Vinyl

Parking

Additional Parking · Circular Driveway · Concrete · Driveway

Lot features

Corner Lot

Construction

Brick · Concrete

Foundation

Slab

Roof

Composition · Shingle

Security

Fire Alarm · Fire Sprinkler System · Smoke Detector(s)

Utilities

Electricity Available · Electricity Connected

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$8,695

Parcel number

11433

Directions

GPS Friendly