Leonard, TX 75452 792 CR 4945
$2,995,000
23 more
Presented By: John Carney with JPAR - Frisco; 972-836-9295
SQFT • 8,065
Home Details
Incredible opportunity to purchase a successful, operating, 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 2025 and well into 2026. Ag exemption.
Presented By: John Carney with JPAR - Frisco; 972-836-9295
Interior Features for 792 CR 4945
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringConcrete
Heating Y/NYes
Total Stories2
General for 792 CR 4945
Additional Parcels Y/NNo
Attached Garage No
AttributionContact972-836-9295
Business NameMagnolia Grace Ranch
Business TypeHospitality
Carport Y/NNo
CityLeonard
Construction MaterialsSteelSiding
CoolingCentralAir
CountyCollin
DirectionsUse GPS. Just north of Hwy 78 on CR 4945
Electric On Property Y/NNo
Garage Y/NNo
Gross Income300000.0
HOANo
HeatingElectric
Home Warranty Y/NNo
Land Lease Y/NNo
Leasable Area8065.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionA1253 P PRICE, ACRES 14.896
Lot Size Square Feet648869.76
Lot Size UnitsAcres
MobileHomeRemainsYNNo
ModificationTimestamp2025-01-24T04:06:34.237-00:00
Net Operating Income100000.0
New ConstructionNo
Number Of Units Total1
PossessionCloseOfEscrow
Possible UseOther
Property Attached Y/NNo
Property Sub Type AdditionalBusiness
Property SubtypeBusiness
Property TypeCommercialSale
Rent Control Y/NNo
RoofMetal
Senior Community Y/NNo
Standard StatusActive
StatusActive
Subdivision NameP W Price Surv Abs #1253
Tax Annual Amount9288.0
Tenant PaysAllUtilities
UtilitiesElectricityConnected, WaterAvailable
Virtual TourClick here
Waterfront Y/NNo
Year Built2018
Year Built DetailsPreowned
Zoning DescriptionCommunity Center
Exterior for 792 CR 4945
Building Area Total8065.0
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
InclusionsLand & Improvements
Irrigation Water Rights Y/NNo
Lot FeaturesAcreage, Agricultural, Cleared, Landscaped, ManyTrees
Lot Size Acres14.896
Lot Size Area14.896
Lot Size SourceAssessor
Open Parking Y/NNo
Parking FeaturesCircularDriveway, Gravel, ParkingLot
Road Frontage TypeCountyRoad
SpaNo
Water SourcePublic
Additional Details
Price History
