4899 Leroy Parkway
Elm Mott, TX, 76640 $ 6,995,900
Baths0.0 Sq 40,270 Monthly Estimate*
$ 46,497
Studio
for $6,995,900. This 40,270 square foot building was built on a lot size of 51.91.
Welcome to a rare and remarkable opportunity in the heart of Texas. Knoxville Ranch, a highly successful and thriving wedding and event venue just outside Waco, TX, is now available for sale. This iconic property boasts not only the scenic beauty of its 50-acre expanse but also a proven track record of hosting unforgettable weddings and events, making it an exceptional investment opportunity with a substantial return on investment. Key Features: 1. Established Business: Knoxville Ranch has earned a reputation as a premier wedding and event destination. Its established client base and positive reviews ensure a steady stream of bookings, making it a turnkey investment for entrepreneurs seeking a successful business venture. 2. Scenic Beauty: The property's natural beauty, including rolling hills, a tranquil pond, and a rustic barn, has made it a sought-after backdrop for weddings. These picturesque elements add immense value and charm to the venue. 3. Versatile Spaces: With a spacious barn, two indoor banquet spaces, commercial kitchens, outdoor ceremony sites, bridal and groom's quarters, eleven individual guest cabins, worlds of parking, and extensive grounds, Knoxville Ranch offers a versatile canvas for creativity and expansion. Host multiple events simultaneously or diversify the venue's offerings to maximize profitability. 4. Investment Potential: Given its strong financial performance and continued demand for wedding venues, Knoxville Ranch offers a secure and potentially lucrative investment. Benefit from the thriving wedding and events industry with a property that has already established itself as a standout choice. 5. Growth Opportunities: The property's size and adaptability provide room for expansion and diversification. Consider additional revenue streams such as corporate events, private parties, or even a bed-and-breakfast to enhance your return on investment. 6. Professional Staff: The existing experienced team can help ensure a seamless transition for new owners, providing valuable insights and continuity for the business's success. 7. Positive Cash Flow: Knoxville Ranch's proven success in the wedding industry means you can enjoy a positive cash flow from day one, with the potential for substantial revenue growth. 8. Ideal Location: Located just outside Waco, a city known for its growing popularity and attractions, Knoxville Ranch benefits from its proximity to a vibrant and expanding community. Be in downtown Waco in just fifteen minutes! Don't miss this opportunity to own a profitable and well-established wedding venue in one of Texas's most desirable regions. Knoxville Ranch offers not only a piece of Texas charm but also a sound financial investment in a growing industry. If you're ready to step into a thriving business with a great return on investment, contact us today to learn more about this extraordinary property.
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FeaturesGeneralSewer None Septic Tank
Cooling Central Air
Utilities Septic Available Sewer Not Available
Possession Close Of Escrow
Roof Metal
Construction Materials Other
Tenant Pays None
View Water
Stories 2
Property SubType Other
Tax Year 2023
Business Type Other
County McLennan
Property Type Commercial Sale
Status Active
City Elm Mott
View Y/N 1
High School District West ISD
Lot Size Units Acres
Waterfront Y/N 1
Street Name Leroy
Tax Annual Amount 62175.19
Lease Considered Y/N 0
Virtual Tour https://iframe.videodelivery.net/052e3c11e65c9b42b618a6b7f4bd5e4c
Days on Market 28
Standard Status Active
Occupancy Type Owner
Middle/Junior School District West ISD
Elementary School District West ISD
Tax Lot 4
Property Sub Type Additional Other
Legal Description CULP J (A-249) 44.6 AC HARRISON W P (A-470) 6.81 AC TOTAL 51.41 AC
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ExteriorParking Features Parking Lot
Lot Size Area 51.91
Number of Buildings 2
Building Area Total 40270
Lot Size Acres 51.91
Road Frontage Type County Road
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InteriorTotal Stories 2
Air Conditioning Y/N 1
Street Suffix Parkway
Total Baths 0
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* Excluded FeaturesList ByAshton GustafsonListing Agent
Ag Real Estate & AssociatesBroker
Affordability Calculator
- Monthly Principal & Interest
- $46,497
- Monthly Property Taxes
- $5,181
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Elm Mott, TX
Average List Price $3,573,975
Percent of Sale Price 49%
About Elm Mott, TX 2,839 Population
1% Since 2002
$ 36,027 Median Income
40.53 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
2349692 Elementary School
2349624 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
11/7/2023 | $6,995,900 | -6.72% | Price Down |
10/12/2023 | $7,500,000 | | Listed Price |