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The Rails 151 5th St st 11,605 SF Flex Building Honey Grove, TX 75446 $1,395,920 CAD ($120.29 CAD/SF)
INVESTMENT HIGHLIGHTS
- Open area with beautiful chandeliers
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
UTILITIES
- Lighting
- Water - City
- Sewer - City
- Heating
ABOUT 151 5TH ST ST , HONEY GROVE, TX 75446
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, this space has already played host to weddings, proms, family reunions, holiday markets, and intimate showers in the cozy front foyer. Whether you're dreaming of expanding an existing event business or launching a new concept, this venue offers the blank canvas you've been looking for. Unique to the property are two attached silos—just waiting for the right vision to convert them into a one-of-a-kind bridal suite or conversation-starting lounge area. A finished concrete drive in the back leads to a large roll-up garage door—perfect for easy vendor access. Inside, you'll find tables, chairs, and a wide variety of decor items ready to go. The structure offers incredible space and height, ideal for creative layouts and custom lighting. There’s room to grow: build out a bar area, add a commercial kitchen, and elevate the guest experience. With nearly 2.5 acres, there’s ample space for expanded parking, outdoor events, or even subdividing the land for future development. This property hasn’t reached its full potential—but with vision, polish, and strategic marketing, it could easily become the go-to destination venue in the region. For the right person, the opportunity is as massive as the space itself.
PROPERTY TAXES
| Parcel Number | 94719 | Improvements Assessment | $1,406,204 CAD |
| Land Assessment | $32,982 CAD | Total Assessment | $1,439,186 CAD |
PROPERTY TAXES
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The Rails | 151 5th St st
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