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15757 FM 317
Brownsboro, TX 75756
Waterfront Wedding Venue/Event Venue · Specialty Property For Sale · 5,384 SF
Investment Highlights
- The Wedding Venue - Event Venue spans over 39.09 acres and 8,000+/- SF.
- Tyler Pounds Regional Airport (TYR) is the nearest airport and is about 23 minutes away. Southwest Airlines serviced over 75,000 passengers in 2022.
- The large property could easily accommodate additional tiny homes or dwellings to house the overflow of overnight guests and to capture this revenue.
- The Venue calendar is filling for year 2024. The books have been opened for year 2025.
- Positive cash flow since its inception with multiple revenue streams.
- This Venue attracts many out of town and out of state customers. It is also know for being a destination wedding location.
PROPERTY FACTS
Property Type | Specialty | Building Size | 5,384 SF |
Property Subtype |
Lodge/Meeting Hall
|
No. Stories | 2 |
Building Class | B | Year Built | 2020 |
Lot Size | 39.09 AC |
Property Type | Specialty |
Property Subtype |
Lodge/Meeting Hall
|
Building Class | B |
Lot Size | 39.09 AC |
Building Size | 5,384 SF |
No. Stories | 2 |
Year Built | 2020 |
Amenities
- Waterfront
- Air Conditioning
About 15757 FM 317 , Brownsboro, TX 75756
This Texas Wedding Venue - Event Venue Has The Wow Factor! This enchanting event venue spans over 39 acres. Scenic and serene views of the rolling landscape, 2 picturesque private lakes, 2 seasonal creeks, a pond, majestic trees, and occasional visiting deer are found here. This property draws one in from the gated entrance with a sense of wonder and awe. It is truly captivating! The business currently uses the property as a wedding/event venue and a Vrbo rental spanning over 8,000+/- SF of entertainment space. Revenue streams are sourced from weddings, engagement parties, birthday parties, corporate events, fundraisers, day and weekly rentals, and the like. Additional income could be realized by hosting live music events and adding tiny houses or RVs. The larger lake is fully stocked and spring-fed. Cedar Creek Lake (reservoir), Lake Palestine, Lake Athens, Lake Fork, and other nearby public lakes draw visitors to the area for recreational water activities. • GRAND PAVILION - Consists of a 5,776 Square Feet (SF) covered and open-air event pavilion with a gathering area and a banquet area. The open-air gathering area features a well-equipped kitchen, serving area, bar area, commercial ice maker, gas stove, grill, refrigerator, and storage area. A large custom table with seating for 12 and an estate-sized stone fireplace with a sitting area are also found here. The banquet area can comfortably accommodate 300 event guests. One cannot help but notice the large custom wood beams throughout, high ceilings, industrial fans, and large chandeliers. The pavilion's 3 restroom accommodations are also a sight to behold and are quite unique. Views of the lakes and arbor can be seen from many angles of the pavilion. Steps down from the pavilion are the elaborate custom wedding arbor and dock leading out into the lake. • GUEST QUARTERS - 2,136 SF of living space is attached to the Grand Pavilion providing ease of access for overnight guests to come and go as needed. This area features 2 bedrooms and 2 bathrooms downstairs, a laundry area with a full-sized washer and dryer, and a mini kitchen. Upstairs is a quaint loft sleeping area for 5-6 guests, a reading nook, and a shuffleboard table. The loft is also equipped with a full bathroom. • ARBOR - Most commonly referred to as the Wedding Arbor or Meditation Arbor. This site has abundant stonework and beefy wood beams. A fantastic photo opportunity here as well. • OWNER’S CABIN - This 1,208 SF charming owner’s residence with 2 bedrooms, 2 bathrooms, sleeping loft, wood burning stove, kitchen, and covered front porch was built in 2021. The style is modern with rustic charm. The Owner’s cabin sits a top of the hill and overlooks the Grand Pavilion and larger lake. This cabin has not been used as a rental but could be by the new owner. • 2-BAY BARN WITH WORKSHOP - Down the hill from the Owner’s Cabin is the barn and workshop which was built in 2021. This area can also be converted to an additional entertaining space if desired or used to house cars, boats, and equipment. • RV HOOKUPS - This area is near the Owner’s Cabin and is ready to accommodate guests arriving with RVs. • Also featured is an additional storage container for the overflow of venue supplies. • It is turnkey furnished minus items listed on the exclusions section of the business profile (ask Chris for this). • The venue has been meticulously maintained. • Gated entrance, security surveillance, and privacy are a benefit. • There is no debt on the business or property. • 2023 Net Income was $264,000+/- Great profitability and a great investment opportunity! The total asking price of $3,450,000 includes the business, real estate (separately listed at $2,850,000), inventory, and the FFE&V, minus certain exclusions. The business and real estate are being sold together. The venue is being sold turn-key furnished. Contact Christina "Chris" Jones to discuss further details about this business sale and to schedule a showing. A Non-Disclosure Agreement (NDA) will be required to obtain confidential business information. NOTE: All Square Feet (SF) and acreage are approximate. Buyer and Buyer's Agent to confirm the information in this listing.
PROPERTY TAXES
Parcel Number | 0436-0010-0A00-10 | Improvements Assessment | $595,115 |
Land Assessment | $98,716 | Total Assessment | $693,831 |
PROPERTY TAXES
Listing ID: 29786055
Date on Market: 10/13/2023
Last Updated:
Address: 15757 FM 317, Brownsboro, TX 75756