Three miles east of Bonham, this 22.9-acre tract has over 700 feet of prime frontage on the south side of US Highway 82 and another 1,450 feet of frontage on County Road 2935. An 8-inch water line runs along CR 2935, providing strong infrastructure for potential future development or subdivision. The property is rectangular in shape, cross-fenced, features two ponds and currently ag exempt. Improvements include a 30x30 metal shop with an automatic overhead door, a covered 25X20 RV pad with full hookups (electric, septic, and water), a whole-home propane generator and a 25X15 covered patio. The home was remodeled about seven years ago but now requires repairs to the foundation and associated interior work resulting from a slab leak (which has since been repaired). The property is priced to reflect the needed repairs. This property is well-suited for an owner-occupant willing to complete repairs, or as a buy-and-hold investment given the highway frontage, rental income possibilities, acreage, and subdivision potential.