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1502 W Main 3,300 SF 100% Leased Retail Building Honey Grove, TX 75446 $300,000 ($90.91/SF)

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Investment Highlights

  • Heavy traffic
  • On the way to the new Lake Ralph Hall that is being constructed

Executive Summary

Once known as the beloved Doc’s Corner, this property holds decades of small-town memories. It was the place where local farmers gathered before sunrise for coffee and conversation, where families met after ballgames, and where kids grabbed hamburgers and chicken fried steak after school. The stories are still here—now it’s ready for its next chapter. Most recently operated as a Mexican restaurant, the building is currently vacant and ready for revitalization. The kitchen appliances have been removed, but several tables and select furnishings remain, offering a starting point for a new owner with vision. With some care and creativity, this space could once again become a community gathering spot. Strategically located along the highway leading to the future Lake Ralph Hall, the property offers excellent potential for both nostalgic revival and forward-thinking investment. As lake traffic increases, consider the possibilities: a hometown café, breakfast spot, bait and tackle shop, sandwich stop for lakegoers, or even a local farm-to-table market. The location positions you to serve both longtime residents and new visitors to the area. Opportunities like this are rare—where history, highway frontage, and future growth intersect. The owners are motivated and open to working with buyers to bring new life to this well-known location. Building is also available for lease.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Building Size
3,300 SF
Building Class
B
Year Built
1980
Price
$300,000
Price Per SF
$90.91
Percent Leased
100%
Building Height
1 Story
Building FAR
0.36
Lot Size
0.21 AC
Zoning
General Retail - Commercial

Amenities

  • Corner Lot
  • Restaurant
  • Wheelchair Accessible
  • Air Conditioning

Property Taxes

Property Taxes

Parcel Number
74918
Land Assessment
$19,760
Improvements Assessment
$127,970
Total Assessment
$147,730
  • Listing ID: 39642143

  • Date on Market: 3/3/2026

  • Last Updated:

  • Address: 1502 W Main, Honey Grove, TX 75446

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