1509 Island Bayou Looking for land to develop? Then take a look at this 10 +- acres inside Bonham City Limits. Land has very low taxes as the current owner has ag use on it. There is approx. 1, 000 ft of road frontage on Island Bayou and approx. 82 ft of road frontage on Center St. City of Bonham has sewer lines and water lines on the property and electric lines are at the road. Land adjoins Legacy Furniture Store, a donut shop, a church and is close to Brookshire's Grocery Store, schools and convenience stores.