12001 W State Highway 31
Malakoff, TX, 75148
$
2,495,000
Bedrooms--
Baths--
Monthly Estimate*
$
15,566
for $2,495,000. This building was built in 2007 on a lot size of 39.36.
Turnkey Events Venue Business Opportunity
Discover a premier investment opportunity with this stunning 39 acre property situated just minutes from Cedar Creek Lake, offering a rare business opportunity in a gorgeous rural setting.
Located outside Malakoff city limits with approx. 1,063 LF of frontage along the State Hwy 31 the property features a picturesque 2+ acre lake and a total gross building area of approx. 11,163 SF with 3 buildings providing 10,082 SF of heated and cooled space.
The 3,524 SF main residence has 3 bedrooms, 3.5 baths, a private guest suite, formal dining room, office space, and a swimming pool sun terrace.
The events centre is 3283 SF (54.5’ x 60.3’) and was converted to its present use in 2018-2019. It has a main room with vinyl wood laminate flooring and a cathedral design ceiling with LED lighting with a partitioned kitchen, two restrooms, and a mechanical room. Two sets of sliding doors lead to an outdoor covered area of approx. 3423 SF. The main room has a projector and screen and speakers are installed inside and outside.
The Chapel, built in 2022 provide 3220 SF (40.1’ x 80.3') with separate rooms for the bride and groom room to get ready in, appropriately decorated, both with restrooms. A third restroom in the vestibule adjacent to a small sound room. The remainder of the building is the sanctuary with arched windows, canned lighting, chandeliers and a polished concrete floor. 28 pews provide seating for 224 to 280 people.
Additionally, there are two agricultural buildings, measuring approx. 1080 SF and 476 SF.
This offers a turnkey events business opportunity with the option to acquire its established branding, marketing assets, and vendor relationships. With a good mix of open fields and wooded areas, this land would also be ideal for development, corporate retreats, or hospitality ventures. Whether you're an investor, entrepreneur, or looking for an exceptional property, this estate offers endless possibilities.
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Features
General
Heating
Central
Zoned
Cooling
Central Air
Zoned
Utilities
City Water
Electricity Connected
Outside City Limits
Septic
Ceiling Height
Other
Possession
Closing/Funding
Roof
Composition
Metal
Tile
Exclusions
Inventory items for events are excluded from the sale. All furniture and personal effects.
Year Built
2007
Business Type
Hospitality
Property Subtype
Business
Subdivision Name
G ALDRICH
Occupant Type
Owner
County
Henderson
Property Type
Commercial Sale
Construction Materials
Brick
Frame
Rock/Stone
Year Built Details
Preowned
Status
Active
Directions
From the intersection of Loop 7 and Hwy 31 in Athens
head West on 31. After approx. 4.4 miles the entrance to the property will be on the left
accessed from the Eastbound carriageway.
City
Malakoff
Standard Status
Active
Listing Terms
1031 Exchange
Cash
Conventional
Other
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Exterior
Lot Features
Acreage
Many Trees
Water/Lake View
Lot Size Source
Appraiser
Parking Features
Additional Parking
Asphalt
Carport
Concrete
Driveway
Garage
Gravel
Storage
Lot Size
10 to < 50 Acres
Foundation
Slab
Building Area Total
11163.00
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Interior
Flooring
Carpet
Concrete
Simulated Wood
Tile
Wood
Total Stories
1
Total Units
5
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* Excluded Features
List By
Anna Barber
Listing Agent
Allie Beth Allman & Assoc.
Broker
Affordability Calculator
- Monthly Principal & Interest
- $15,566
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% 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
Nearby
Commerical listings in Malakoff, TX
Average List Price
$484,375
Percent of Sale Price
81%
About Malakoff, TX
2,289
Population
7%
Since 2002
$
31,150
Median Income
39.28
Median Age
31%
Households with Children
Trends Information provided by ATTOM Data Solutions.
288163
Elementary School
288375
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
6/25/2025
|
$2,495,000
|
|
Listed Price
|