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151 S 5th Street

Honey Grove, TX 75446
  • $1,000,000
  • STATUS: Active
  • ON SITE: 124 Days
  • MLS #: 20996243
$1,000,000
  • 0
    BEDS
  • 2.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1983
County:
Area:

School Ratings & Info

Offered by Lore Lane of Hygge Homes and Land: .

Description

Welcome to your next big opportunity"an impressive 11,000+ sq ft event venue unlike anything else in the area. Set on nearly 2.5 acres, this property blends rustic farmhouse vibes with industrial character and an elegance thats ready to shine.With a flexible open layout, the space has already hosted weddings, proms, family reunions, holiday markets, and intimate showers in the cozy front foyer. Whether you're expanding an event business or launching something new, this is the blank canvas you've been looking for.Two attached silos offer one-of-a-kind potential"envision them as a bridal suite, private lounge, or Instagram-worthy bar. A finished concrete drive leads to a large roll-up garage door for seamless vendor access. Inside, tables, chairs, and a wide variety of dcor are ready to go. The soaring ceilings and open floor plan allow for creative layouts, lighting, and guest experiences.The possibilities go far beyond events: reimagine the space as a showroom, shared workspace, or even multi-family living. There's plenty of land to build out additional residential units, expand parking, add a commercial kitchen, or develop outdoor event areas.This property hasnt reached its full potential"but with vision, polish, and the right strategy, it could become the regions go-to destination. For the right buyer, the opportunity is as expansive as the space itself.

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© 2025 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Summit Cove Realty, Inc.. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Summit Cove Realty, Inc. are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-11-12T23:42:48.393.
www.summitcoverealty.com/homes/165813345
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151 S 5th Street Honey Grove, TX 75446

  • Price: $1,000,000
  • Status: Active
  • On Site: 124 Days
  • MLS #: 20996243
0
Beds
0
Baths
0
½ Baths
2.44
Acres
1983
Built
Neighborhood:
T & P Ry Add
County:
Fannin
Area:
Honey Grove
Property Description
Welcome to your next big opportunity"an impressive 11,000+ sq ft event venue unlike anything else in the area. Set on nearly 2.5 acres, this property blends rustic farmhouse vibes with industrial character and an elegance thats ready to shine.With a flexible open layout, the space has already hosted weddings, proms, family reunions, holiday markets, and intimate showers in the cozy front foyer. Whether you're expanding an event business or launching something new, this is the blank canvas you've been looking for.Two attached silos offer one-of-a-kind potential"envision them as a bridal suite, private lounge, or Instagram-worthy bar. A finished concrete drive leads to a large roll-up garage door for seamless vendor access. Inside, tables, chairs, and a wide variety of dcor are ready to go. The soaring ceilings and open floor plan allow for creative layouts, lighting, and guest experiences.The possibilities go far beyond events: reimagine the space as a showroom, shared workspace, or even multi-family living. There's plenty of land to build out additional residential units, expand parking, add a commercial kitchen, or develop outdoor event areas.This property hasnt reached its full potential"but with vision, polish, and the right strategy, it could become the regions go-to destination. For the right buyer, the opportunity is as expansive as the space itself.
Exterior Features

Construction Aluminum SidingBrick Foundation Slab Freight Doors Other Lot Description AcreageClearedCorner Lot Lot Size Source Public Records Parking Or Garage Additional ParkingGravel Road Frontage Type City Street Roof Metal

Interior Features

Accessibility Features Accessible Approach with RampAccessible Bath - Half+HallAccessible DoorsAccessible Entrance Ceiling Height More than 20 Feet Cooling Central AirElectric Flooring Concrete Handicap YN Yes Heating CentralElectric Sq Ft Gross 11605

Property Features

Building Area Source Public Records Building Area Total 11605.00 Building Use Other Business Name The Rails Construction Status Preowned Exclusions Metal sign over upper deck Gross Annual Expenses 10000.00 Gross Annual Income 30000.00 Listing Terms 1031 ExchangeCashConventional Multi Zoning Yes Municipal Utility District No Net Operation Income 20000 Operating Expense Includes InsuranceMaintenanceProfessional ManagementSecuritySuppliesTrashUtilitiesWater/Sewer Owner Pays All Utilities Possession Closing/Funding Property Type Business Senior Community No Tenant Pays None Transaction Includes FurnitureInventoryLand & Improvements Unexempt Taxes 19303 Utilities AsphaltCity SewerCity WaterCurbsElectricity ConnectedGravel/RockIndividual Water Meter Will Subdivide No Zoning Commercial and Residential

North Texas Real Estate Information Systems MLS logo Listing information © 2025 North Texas Real Estate Information System.


© 2025 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Summit Cove Realty, Inc.. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Summit Cove Realty, Inc. are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-11-12T23:42:48.393.
 
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Summit Cove Realty, Inc.
216 Oakmont Dr
Trophy Club TX, 76262
Offered by Lore Lane of Hygge Homes and Land: .