811 N Church St, McKinney, TX 75069

$840,000

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List Price
$840,000
Price Change
▼ $10,000 1783030945
MLS#
21201717
Status
ACTIVE
Type
Commercial
Subtype
CommercialSale
Year Built
1920
Construction Status
Preowned
Acres
0.41
County
Collin
City
McKinney
Subdivision
Coleman Add

Property Description

Known as “The Red Gate Inn,” this 4-bed, 4 full & 1 half bath property offers a rare investment opportunity in the heart of Downtown McKinney! This Airbnb-ready property is ideal for investors seeking to expand their portfolio and has previously operated as a successful Bed & Breakfast. Situated on a .41-acre corner lot within walking distance to McKinney Square, this historic home blends timeless charm with modern updates. The iconic red gate entry welcomes you to a flagstone patio and wrap-around porch complete with swing and multiple seating areas—creating an inviting first impression. Inside, remodeled spaces are filled with natural light and showcase hardwood floors throughout. The main house features 3 bedrooms, each with its own ensuite bath. The primary suite offers a beautifully remodeled bath with walk-in shower, vintage soaking tub, custom vanity and elegant sconce lighting. The expansive kitchen is designed for hosting, featuring stainless steel appliances including a Viking gas range, double ovens, vented hood, large island, granite countertops and built-in buffet. The kitchen flows seamlessly into the dining area and oversized living room with gas fireplace. Upstairs, two additional suites—“The Yellow Rose” and “The Blue Bonnet”—offer sitting areas and remodeled baths. The fourth bedroom suite is located above the detached two-car garage, complete with fireplace and full bath, perfect for extended stays or rental flexibility. Outdoors, the manicured grounds provide multiple gathering spaces, oversized yard, gazebo, and pool & spa. Whether you envision continuing its legacy as a Bed & Breakfast, operating a thriving Airbnb or enjoying it as a private estate, “The Red Gate Inn” offers unmatched versatility in one of McKinney’s most desirable locations. SELLER REPLACING ROOF AND ADDING GUTTERS TO MAIN HOUSE PRIOR TO A CLOSING. Call today!

Additional Information

Unexempt Taxes
$17,201
Tenant Pays
None
Lot Size
17,946
Acres
0.41
Lot Description
Back Yard, Lawn, Landscaped, Few Trees
Flooring
Tile, Wood
Foundation
Pillar/Post/Pier
Roof
Composition
Building Stories
2
Parking Garage
Additional Parking, Driveway, Garage, On Street
Possession
CloseOfEscrow
Business Name
The Red Gate Inn
Proposed Use
Hotel/Motel, Other
Inclusions
Building Only

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Denise Johnson from Compass RE Texas, LLC. Contact: 817-601-0865