7617 McGregor Park Rd - Residential Income FOR SALE


Temple, TX 76502
$2,750,000 USD
512-762-7656
7617 McGregor Park Rd, Temple, TX for Sale
$2,750,000 USD
Residential Income - FOR SALE
1/13
null | Request Cap Rate

NEW


7617 McGregor Park Rd
Temple, TX 76502


HIGHLIGHTS

  • Intimate, Boutique Experience; Multiple Ceremony Settings; Indoor & Outdoor Flexibility; Strong Reputation; Room to Expand; Upside with STR capability

OVERVIEW

Turnkey Wedding & Event Venue | 11.93 Acres | Existing Cash Flow | Value-Add Hospitality Opportunity | Central Texas This is a rare opportunity to acquire an established, income-producing wedding and event venue on 11.93 picturesque acres with multiple revenue expansion opportunities. The property features both indoor and outdoor ceremony and reception spaces, allowing year-round operations and flexibility for a variety of events. Beautiful natural surroundings, mature landscaping, and thoughtfully designed event areas create an attractive destination for weddings, corporate retreats, family celebrations, and private events. Investment Highlights Established wedding venue with an existing operating history. Approximately 11.93 acres with room for future development. Multiple indoor and outdoor event spaces suitable for all seasons. Existing infrastructure in place for immediate operation. Ample parking and attractive grounds for photography and guest experiences. Value-Add Opportunities The property offers several compelling opportunities to increase revenue beyond its current operations: Bridal Party Accommodations: Convert the existing onsite residence into a premium bridal suite and overnight lodging for wedding parties, creating an additional income stream while enhancing the guest experience. Guest Apartment Rental: Utilize the detached apartment as accommodations for the bride and groom, family members, or VIP guests, or operate it as a year-round short-term rental when not reserved for events. Short-Term Rental Expansion: The undeveloped acreage provides ample space for the addition of luxury cabins, cottages, glamping accommodations, or other boutique lodging options to capture overnight guests and generate recurring rental income. Expanded Event Programming: Host rehearsal dinners, bridal showers, corporate retreats, holiday parties, and other special events to maximize utilization throughout the week. Future Development Potential The nearly 12-acre site provides flexibility for future improvements and expansion, allowing a new owner to capitalize on the growing demand for destination weddings and unique overnight experiences. Additional lodging, event amenities, recreational features, or outdoor gathering spaces could further increase occupancy, event bookings, and overall property value. With it's close proximity to Lake Belton, the potential for STR's for fisherman and boaters is also high. This property represents an exceptional opportunity for an owner-operator or investor seeking a turnkey venue with established operations and meaningful upside through lodging, expanded event offerings, and future development.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$876 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Lodge/Meeting Hall, Religious Facility, Winery/Vineyard

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11.93 AC

LAND SF

519,671 SF

ZONING

ETJ

APN/PARCEL ID

37946

ASK ABOUT THIS PROPERTY

Alan McDonaldColdwell Banker Commercial RealtyMore Info
512-762-7656

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Alan McDonaldColdwell Banker Commercial RealtyMore Info
512-762-7656

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