Mixed-Use Land for Sale in Bonham, Texas

Exceptional opportunity in the heart of Bonham -- this rare combination of a charming 3-bed, 2-bath 1935 frame home on 2.06 acres with a 2,400 sq ft metal shop, plus an adjoining 10.889-acre tract, offers incredible potential for residential, commercial, or mixed-use development. The home site is currently residential but lies squarely within a commercial zone, making it ideal for a business location, office conversion, or redevelopment. The additional acreage provides frontage from both Hwy 78 and Island Bayou, with a 12-inch city water line along Island Bayou. The land is partially located in a floodplain, but its location and utilities make it perfect for a developer ready to build up and create new single-family homes or community space. Together, this offering places you right in the center of Bonham's growth corridor -- walkable to downtown, highly visible, and ready for the next chapter of development in one of North Texas's most historic towns.