Paragon Realtors Real Estate

1331 Cherry StreetGraham, TX 76450Price: $399,000

  • Price: $399,000
  • 6 Days on Market
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Federal 30-year interest rate: 6.58% last updated on Jul 23, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $399,000List Price
  • 0.38Acreage

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Listed by Trenton Mooney of simpliHom
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.

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Based on information submitted to North Texas Real Estate Information Services as of July 26, 2026 3:42 PM UTC. All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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