703 S Tennessee St.|The Southern Chic Retreat

This is a rare opportunity to own and operate a retreat/bed and breakfast/income producing hospitality property in downtown McKinney, Texas! This beautifully restored and maintained property is situated on approximately .45 acres and includes a 1,979 SF craftsman-style home built in 1930 and an 1,140 SF carriage house on the back of the property that was built in 2006. A 380 SF covered parking carport is located behind the main house. The original house has 3 bedrooms upstairs, 2 full baths, kitchen, 14-person dining room, and separate living areas. Step out onto the back patio and walk a few steps across a stone path through the back yard to enter the carriage house. A first-floor 2-car garage has been converted into a craft studio. Upstairs there is a bedroom, a bathroom, and a crafting loft that could be re-converted back into a full kitchen. A sliding barn-door gate at the back of the property opens to a driveway that accesses Ida Street to the north. An in-ground storm shelter is adjacent to the carport. Both HVAC systems in the main house were replaced, as was the water heater; the siding and insulation of the main house was completely removed and replaced in 2019. The operating business, furniture, fixtures, and equipment are negotiable for purchase, with the exception of some personal items belonging to the seller. Hours of operation for guests are Thursday-Sunday each week, and there is tremendous value-add opportunity for additional days for occupancy. Proof of funds or a pre-approval letter is required prior to a scheduling a tour, and tour hours are limited to Sunday through Wednesday. Buyer to verify all information.

• Beautifully updated, renovated, and maintained 1930's craftsman style house and carriage house on approx. .45 acres in downtown McKinney, Texas
• Original home measures approximately 1,979 SF and carriage house measures approximately 1,140 SF
• Established, operating retreat business on-site with repeat visit clientele is negotiable for purchase
• Zoning is BN (Neighborhood Business Zone) through City of McKinney, and is no longer an available zoning code
• Link to Schedule of Uses Table-City of McKinney: https://library.municode.com/tx/mckinney/codes/code_of_ordinances?nodeId=SPBDERE_CH146ZORE_AP_APXFSC_SF-4SCUS
• Multiple income stream opportunities
• Excellent location, amenities, and investment or owner/operator opportunity
• Property website: https://buildout.com/website/703stennessee
• Video: https://vimeo.com/534678335