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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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1331 Cherry St , Graham, TX 76450
$399,000
Est. Payment: $2,054.23/mo
0 Bed
0 Bath
3924 Sqft
Status: active | Days on site: 34
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House 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.

Highlights

Listed by Trenton Mooney , simpliHom , North Texas Real Estate Information Systems

Property Type

Commercial Sale

Lot/Acreage
0.38

Year Built

1950

County

Young

Neighborhood

South Park

Listing ID

21337696

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Ceiling Fan(s),Central Air
Fireplaces:
Floor:Luxury Vinyl Plank,Tile

Exterior Features

Lot:Corner Lot,Less Than .5 Acre (not Zero)
Zoning:Real Commercial
Roof:Composition,Shingle
Others:
  • Additional:Preowned
Parking Features:Additional Parking,Circular Driveway,Concrete,Driveway
Principal Interest
$2,054
Taxes
$725

Home Price

$399,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$79,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,054.23

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,054.23 $724.58 $0.00 $2,778.81
Yearly $24,650.70 $8,695.00 $0.00 $33,345.70
Total $739,521.10 $260,850.00 $0.00 $1,000,371.10

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Graham, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T19:21:47.893Z

© 2026 North Texas Real Estate Information Systems