McKinney Hospitality for Sale - Allen/McKinney
Known as “The Red Gate Inn,” this 4-bed, 4 full & 1 half bath property offers a rare investment opportunity in the heart of Downtown McKinney! This Airbnb-ready property is ideal for investors seeking to expand their portfolio and has previously operated as a successful Bed & Breakfast. It also presents incredible potential as a boutique wedding venue, event space, or private residence. Situated on a .41-acre corner lot within walking distance to McKinney Square, this historic home blends timeless charm with modern updates. The iconic red gate entry welcomes you to a flagstone patio and wrap-around porch complete with swing and multiple seating areas—creating an inviting first impression. Inside, remodeled spaces are filled with natural light and showcase hardwood floors throughout. The main house features 3 bedrooms, each with its own ensuite bath. The primary suite offers a beautifully remodeled bath with walk-in shower, vintage soaking tub, custom vanity and elegant sconce lighting. The expansive kitchen is designed for hosting, featuring stainless steel appliances including a Viking gas range, double ovens, vented hood, large island, granite countertops and built-in buffet. The kitchen flows seamlessly into the dining area and oversized living room with gas fireplace. Upstairs, two additional suites—“The Yellow Rose” and “The Blue Bonnet”—offer sitting areas and remodeled baths. The fourth bedroom suite is located above the detached two-car garage, complete with fireplace and full bath, perfect for extended stays or rental flexibility. Outdoors, the manicured grounds provide multiple gathering spaces, oversized yard, gazebo, and pool & spa, accommodating events of up to 50 guests. Whether you envision continuing its legacy as a Bed & Breakfast, operating a thriving Airbnb, hosting unforgettable events, or enjoying it as a private estate, “The Red Gate Inn” offers unmatched versatility in one of McKinney’s most desirable locations.
While operating, this property brought in over $55K per year without being actively marketed online. It was listed only on TripAdvisor, with no paid advertising—and it hasn’t been promoted on platforms like Airbnb, Google, VRBO, WeddingWire, or other wedding websites. Because of that, there is a significant opportunity for growth simply by expanding its presence across additional booking platforms.
