Address
792 Cr 4945, Leonard, TX
Price
$ 3,750,000
Property Attributes
- MLS#20516069
- TypeCommercial
- CountyCOLLIN
- CityLeonard
- NeighborhoodP W Price Surv Abs #1253
- Zip75452
- StyleBusiness
- Year Built2018
- Taxes$ 9288
- Price$ 3,750,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size14.896 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
Incredible opportunity to purchase Magnolia Grace Ranch, an almost 15 acre wedding & events venue just off Hwy 78 in Leonard, TX. This beautiful property is divided by a creek with a newly installed culvert to allow driving between the two sides. The venue is located on the county road side and a beautiful meadow covers the back half of the property. The options for the back half include but are not limited to another venue, AirBnB sites, or outdoor event space. The stunning venue features over 8,000 AC sf plus over 4,000 of covered patios. Three wedding sites are already in place with countless other options available. There is a stocked pond adjacent to the venue that makes for a dramatic backdrop for any event. Separate bathrooms, bride and groom suites, catering kitchen, bar, loads of storage, and 2 upstairs lofts offer lots of space. The towering ceiling in the main event space is breathtaking. Events are booked through the end of 2023 and well into 2024. Ag exemption
| Price History | |
|---|---|
| 1/19/2024 | Listed $3,750,000 |
General Features
| Heating | Electric |
|---|---|
| Cooling | Central Air |
| Utilities | City Water,Electricity Connected |
| Ceiling Height | More than 20 Feet |
| Possession | Closing/Funding |
| Roof | Metal |
| Year Built | 2018 |
| Tenant Pays | All Utilities |
| Business Type | Hospitality |
| Business Name | Magnolia Grace Ranch |
| Unexempt Taxes | 9288 |
| Building Use | Other |
| Will Subdivide | Yes |
| Gross Annual Expenses | 200000.00 |
| Property SubType | Business |
| Subdivision Name | P W Price Surv Abs #1253 |
| Zoning Description | Community Center |
| County | Collin |
| Property Type | Commercial Sale |
| Construction Materials | Steel Siding |
| Year Built Details | Preowned |
| Status | Active |
| Directions | Use GPS. Just north of Hwy 78 on CR 4945 |
| City | Leonard |
| Buyer Agent Compensation | 3% |
| Street Name | CR 4945 |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20516069 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % |
Interior Features
| Flooring | Concrete |
|---|---|
| Total Stories | 2 |
| Total Units | 1 |
| SQFT Gross | 648870 |
| Lock Box Type | None |
Exterior Features
| Lot Features | Acreage,Agricultural,Cleared,Landscaped,Many Trees |
|---|---|
| Lot Size Source | Assessor |
| Parking Features | Circular Driveway,Gravel,Parking Lot |
| Lot Size | 10 to < 50 Acres |
| Foundation | Slab |
| Lot Size Area | 14.8960 |
| Lot Size Units | Acres |
| Building Area Total | 8065.00 |
| Road Frontage Type | County Road |
| Lot Size Square Feet | 648869.7600 |
| Lot Size Acres | 14.8960 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 75452
Price
Taxes
Visits
Year Built
© 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor NextHome Premier Choice shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real
