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    701 Crossroads Leonard, TX 75452

    Sponsored
    For Sale
    $775,000

    Thriving Business, Prime Location

    Property size:
    4,755 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This turnkey restaurant and building in Leonard, TX, is offered for sale at $775,000. The 4,755 square foot, single-story building sits on a 0.39-acre lot (17,163 sq ft) and features a fully equipped kitchen with commercial-grade appliances, a large walk-in cooler, and a 10-foot vent hood. Built in 1983, this Class C property boasts a prime location in Leonard, easily accessible from Highway 78. The business includes a loyal customer base and strong reputation for excellent food and service, offering immediate profitability for the new owner. The property is zoned commercial and has ample space for seating, kitchen operations, and storage. Its convenient location offers easy access to nearby amenities and is close to Lake Texoma and the communities of Sherman, Denison, and Bonham. The property's APN is 89912. This is an owner/user investment opportunity.

    Property Features for 701 Crossroads

    General Information

    Property type
    Investment properties
    Square Feet
    4,755 SF
    Class
    C

    Building Details

    Year Built
    1983
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Fully equipped kitchen with commercial‑grade appliances.
    • Established restaurant with loyal customer base and strong reputation.
    • Turnkey operation offering immediate profitability.
    • 0.39‑acre lot in Leonard, TX, with easy Highway 78 access.
    • Convenient location near Lake Texoma, Sherman, Denison, and Bonham.
    • 4,755 SF single‑story building, APN 89912.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leonard
    County
    Fannin
    State
    Texas
    Longitude
    -96.237706
    Latitude
    33.3839154

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    FAQs

    What type of property is this?
    Investment property - Thriving Business, Prime Location
    Where is this investment property located?
    The property is located at 701 Crossroads Leonard, TX.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: Fully equipped kitchen with commercial-grade appliances.; Established restaurant with loyal customer base and strong reputation.; Turnkey operation offering immediate profitability.
    Request Owner's contact information
    701 Crossroads Leonard, TX 75452
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    701 Crossroads Leonard, TX 75452
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