Honey Grove, TX 75446 151 S 5th Street

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Presented By: Lore Lane with Hygge Homes and Land;
  • MLS# 20996243
  • 07/11/2025
  • Request Tour
  • Request Info

Home Details

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 that’s 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 décor 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 hasn’t reached its full potential—but with vision, polish, and the right strategy, it could become the region’s go-to destination. For the right buyer, the opportunity is as expansive as the space itself.
Presented By: Lore Lane with Hygge Homes and Land;

Interior Features for 151 S 5th Street

Other Interior Features

SQFT Gross11605
Lock Box TypeCombo
FlooringConcrete
Total Stories1
Total Units1

General for 151 S 5th Street

Accessibility FeaturesAccessible Approach with Ramp, Accessible Bath - Half+Hall, Accessible Doors, Accessible Entrance
Building UseOther
Business NameThe Rails
Business TypeArts and Entertainment
Ceiling HeightMore than 20 Feet
CityHoney Grove
Construction MaterialsAluminum Siding, Brick
CoolingCentral Air, Electric
CountyFannin
DirectionsFrom downtown Honey Grove, turn S onto 5th Street. Go through 2 stop signs. After 2nd stop sign, you will see the venue in front of you. It is on the corner of 5th and Commerce Streets. There will
ExclusionsMetal sign over upper deck
Gross Annual Expenses10000.00
HeatingCentral, Electric
Listing Terms1031 Exchange, Cash, Conventional
Occupant TypeVacant
Operating Expense IncludesInsurance, Maintenance, Professional Management, Security, Supplies, Trash, Utilities, Water/Sewer
Owner PaysAll Utilities
PossessionClosing/Funding
Property SubtypeBusiness
Property TypeCommercial Sale
RoofMetal
Standard StatusActive
StatusActive
Subdivision NameT & P Ry Add
Tenant PaysNone
Unexempt Taxes19303
UtilitiesAsphalt, City Sewer, City Water, Curbs, Electricity Connected, Gravel/Rock, Individual Water Meter
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1983
Year Built DetailsPreowned
Zoning DescriptionCommercial and Residential

Exterior for 151 S 5th Street

Building Area Total11605.00
Foundation Slab
Freight DoorsOther
Lot FeaturesAcreage, Cleared, Corner Lot
Lot Size1 to < 3 Acres
Lot Size Acres2.4410
Lot Size Area2.4410
Lot Size SourcePublic Records
Lot Size Square Feet106329.9600
Lot Size UnitsAcres
Parking FeaturesAdditional Parking, Gravel
Road Frontage TypeCity Street

Additional Details

Price History

Mec Cheney

Realtor
Price $1,200,000
MLS#20996243
List Date 07/11/2025
Property Type Commercial
Phone 903.570.7479
Request Tour
Request Info
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