151 5th St st - Flex FOR SALE


Honey Grove, TX 75446
$1,200,000 USD
903-609-2050
151 5th St st, Honey Grove, TX for Sale
$1,200,000 USD
Flex - FOR SALE
1/44
null | Request Cap Rate

151 5th St st
Honey Grove, TX 75446


HIGHLIGHTS

  • Open area with beautiful chandeliers

OVERVIEW

Rustic Elegance Meets Industrial Charm – A Rare Investment Opportunity Step into a world where rustic beauty, industrial flair, and timeless elegance come together in perfect harmony. This extraordinary property offers endless possibilities—whether you envision it as a one-of-a-kind event venue or reimagine it as stylish studio-style apartments or a boutique residential development. With nearly 2.5 acres of land, the potential here is as vast as the property itself. The Venue: Character & Charm Originally designed to host gatherings and celebrations, the structure showcases a captivating blend of raw materials and refined details. Exposed beams, wood, and gorgeous crystal chandeliers form a backdrop that’s both dramatic and inviting—ideal for weddings, receptions, markets, or corporate events. The bones are solid, the vibe is unforgettable, and the charm is off the charts. While there is still work to be done to bring the venue to its full potential, much of the heavy lifting has already been completed. With a creative vision and the right finishing touches, this could easily become one of the area’s most sought-after venues. Development Potential: Location & Land Situated on approximately 2.47 acres, this property offers more than just a stunning event space—it provides room to grow. Whether you're looking to convert the structure into studio-style apartments or capitalize on the land for additional new builds, the location supports a variety of uses. City services and infrastructure are close by (and on-site), making development a realistic and exciting option. Picture it: Boutique apartment community with character-filled common areas. Or a private estate with guest houses or short-term rentals sprinkled throughout. The setting provides enough room to imagine and build your vision—while keeping the heart of the original architecture intact. Highlights: Nearly 2.5 acres of prime real estate Unique combination of rustic, industrial, and elegant design Existing structure ideal for event venue or redevelopment Room for expansion: additional homes, units, or outdoor amenities Potential for income-producing property or creative commercial venture Whether you're an investor, developer, or entrepreneur looking for your next big project, this property invites you to dream big. With its unmatched character and versatile footprint, it’s ready for someone with vision to make it truly exceptional. Rustic. Industrial. Elegant. Limitless.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$103 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Rails

PROPERTY TYPE

Flex

ADD'L SUBTYPES

undefined, Storefront Retail/Office, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

UTILITIES

Lighting, Water - City, Sewer - City, Heating

CLEAR CEILING HT

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DOCKS

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DRIVE INS

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PARKING SPACES

-

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Lore LaneHygge Homes and LandMore Info
903-609-2050

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Lore LaneHygge Homes and LandMore Info
903-609-2050

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.