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Investment Highlights

  • Heavy Highway Traffic

Executive Summary

Restaurant & Event Center Property – Real Estate Only
Exceptional opportunity to acquire a 10,000+ square foot commercial property on almost 3 acres, currently operating as a restaurant and event center. Conveniently located along U.S. 287 between I-35 and State Highway 45, the property offers excellent regional accessibility and a strategic location for a variety of commercial uses. The property features substantial existing improvements designed to accommodate both restaurant operations and private or public events. The versatile layout and existing infrastructure provide an excellent foundation for a future owner-user, investor, restaurant operator, event venue, or other commercial concept and can accomodate from 1 to 285 guests. With three beautifully appointed event spaces as follows: Bluebonnet Stage Room: Part of the main restaurant floor that can be closed off for private events with the glass garage doors. The main stage can be used for award ceremonies, banquets, events and parties of all kinds. This flexible space can be opened to both the main dining room and the smaller private room. Bluebonnet Station: The perfect private party room for your next birthday, anniversary, reunion, shower, or corporate event. This room features three insta-worthy walls, flexible and stationary serving areas and views of our gorgeous back yard. Throw open the barn doors and rent this space alongside the Bluebonnet Stage Room. And the Bluebonnet Retreat: Rustic and laid-back, our stand-alone Bluebonnet Retreat features it's own private kitchen and bar area, a 900 square foot covered porch, outside pavilion and on-site bathrooms. The porch features dreamy views of our landscaped backyard and pond, and offers the perfect retreat for your guests. The current business is relocating, creating a unique opportunity to acquire the real property only without assuming the existing business. The business, trade name, inventory, furniture, fixtures, equipment, and other personal property are excluded from the offering unless separately negotiated. Property is located outside of city limits in Ellis County.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,000 SF
Building Class
B
Year Built/Renovated
2004/2017
Price
$2,501,982 CAD
Price Per SF
$250.20 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
2.97 AC
Opportunity Zone
Yes
Zoning
No Known - Ellis County No Known Zoning
Parking
80 Spaces (8 Spaces per 1,000 SF Leased)
Frontage
465’ on U.S. 287

Amenities

  • Air Conditioning
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
180994
Land Assessment
$1,420,998 CAD
Improvements Assessment
$907,235 CAD
Total Assessment
$2,328,233 CAD
  • Listing ID: 41944129

  • Date on Market: 2026-08-30

  • Last Updated:

  • Address: 3921 S Highway 287, Waxahachie, TX 75165

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