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$399,000

700 Elm Street, Graham, TX, 76450

On MarketInfo
CommercialInfo
Baths0 Bath
Baths11,745 Sq Ft
BusinessBusiness
Year BuiltBuilt in 1940

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringCarpet, Concrete, Tile

Exterior

Lot Size11,326 sqft

Building Information

Year Built1940

Land Information

APN16756
Lot Number13-16
Land UseCommercial
Legal DescriptionORIGINAL/GRAHAM - BLK 2, NORTH 100 FT OF LOTS 13-16
Census Tract950500
Assessed Land Value$38,610
Assessed Improvement Value$426,430
Assessment Year2025

About this property

Historic Landmark Opportunity – Iconic Corner Location on America’s Largest Downtown Square Positioned prominently on the corner of Elm Street and 2nd Street, this extraordinary 1917 landmark stands as one of the most recognizable buildings in Graham, Texas. Originally constructed in 1917 as The First Christian Church of Graham, this architectural treasure offers timeless character paired with modern-day opportunity. From the moment you approach the stately brick façade, framed by classic columns and symmetrical design, you’ll appreciate the old-world craftsmanship that defines this property. Inside, a breathtaking domed ceiling crowned with original stained glass creates a dramatic focal point, filling the space with natural light and historic charm. The sweeping balcony with detailed railing overlooks the grand main hall, while original solid hardwood doors throughout the building reflect the quality and permanence of early 20th-century construction. The property’s most recent use was as a home health facility, with many rooms thoughtfully utilized as private offices and administrative spaces. This functional layout allows for immediate adaptability for professional offices, medical use, event space, boutique retail, gallery space, or a continued community-centered purpose. With unmatched visibility at one of the busiest and most celebrated intersections in Graham, this location offers exceptional exposure and prominence for any business or organization. The seller is also willing to convey existing office furniture and equipment with the sale, providing added value and convenience for a new owner. This is more than a commercial building — it is a piece of Graham’s history.

Investor Tools

$0Estimated Mortgage Balance
$465,040Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,790 /month
Positive
Cash Flow Estimate:
$930 /month

Interested in this property?

Ruby Jernigan

Agape and Associates LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$550/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,271
$465,040
2025
$38,610
$426,430
$465,040
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,271
$465,040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$465,040
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Graham

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700 Elm Street | Property Details | No Agent List