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$575,000 -$25,000 (-4.17%) Price Reduced

  • For Sale
  • Active
  • Commercial Service
  • 4,755 Sq. Ft.
  • 0.394 Acres
  • Updated 2 days ago
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Established Restaurant for Sale in Leonard, TX! Are you looking for a unique opportunity to own a thriving restaurant business and property in a charming small town? Look no further! We are excited to present a rare chance to acquire a fully operational restaurant with a prime location in Leonard, Texas. Approximately 4,755 square feet of interior space, offering ample room for seating, kitchen operations, and storage. HUGE walk-in cooler and 10-foot vent hood as well. Don't miss this chance to own a thriving restaurant business in a charming small town.

Full Property Details for 701 N Crossroads

General

  • Price: $575,000
  • Status: Active
  • Type: Commercial Service
  • Source: NTREIS
  • MLS ID: 20636004
  • Updated: 8/25/2026
  • Added to Site: 811 day(s) ago

Business

  • Business Type: Bar/Tavern/Lounge, Restaurant

Interior

  • Flooring: Ceramic Tile

Additional Information

  • Security/Safety: Security System

Parking

  • Parking Features: Asphalt

Location

  • County: Fannin
  • Subdivision: Homer Evans Add
  • Driving Directions: See GPS driving directions.

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Sewer Available, Water Available

Structural Information

  • Detached/Attached: Detached
  • Construction: Stone Veneer, Stucco
  • Roof: Composition, Metal
  • Stories/Levels: 1
  • Square Feet: 4,755
  • Sq. Ft. Source: Assessor
  • Year Built: 1983
  • Property Condition: Resale

Lot Features

  • Lot Size (Acres): 0.394
  • Lot Size (Sq. Ft.): 17,162.64
  • Lot Size Source: Assessor
  • Frontage: County Road, Farm to Market Road, Highway, Asphalt
  • Lot Features: Acreage
  • Potential Use: Restaurant
  • Zoning: COMMERCIAL

Financial Considerations

  • Owner Pays: All Utilities
  • Tenant Pays: All Utilities

Disclosures and Reports

  • Legal Description: HOMER EVANS ADDN, BLOCK 3, LOT PT 5, 6
  • Inclusions: Business, Furniture, Inventory
  • Property ID: 89912
  • Block: 3
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 701 N Crossroads —

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 701 N Crossroads

School District:Leonard Independent School District
NameGradesDistance
Leonard Elementary School
300 East Mulberry Street, Leonard, TX 75452
PK-30.3 mi
Leonard Intermediate School
501 East Hackberry Street, Leonard, TX 75452
4-50.3 mi
Leonard J High School
500 East Hackberry Street, Leonard, TX 75452
6-80.2 mi
Leonard High School
1002 North Poplar Street, Leonard, TX 75452
9-120.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 701 N Crossroads Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/25/2026
Price Reduced
$575,000
-4.17%
MLS
5/19/2026
Price Reduced
$600,000
-7.69%
MLS
10/02/2025
Price Reduced
$650,000
-7.14%
MLS
6/23/2025
Price Reduced
$700,000
-9.68%
MLS
6/07/2024
Listed
$775,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 701 N Crossroads

Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,409
20%
$614,660
3%
2024
$10,341
122%
$595,780
49%
2018
$4,659
—
$399,770
18%
2018
$4,659
—
$339,820
18%
2018
$4,659
—
$287,590
44%
2018
$4,659
—
$199,490
-4%
2018
$4,659
—
$207,910
11%
2018
$4,659
100%
$188,000
-1%
2014
100%
$190,630
-5%
2014
—
$201,280
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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701 N Crossroads, Leonard, TX 75452 (MLS# 20636004) is a Commercial Service property. 701 N Crossroads is currently listed for $575,000 and was received on June 07, 2024. This property is listed by Pegasus Property Group from our Plano Office.Want to learn more about 701 N Crossroads? Do you have questions about finding other Commercial Service real estate for sale in Leonard? You can browse all Leonard real estate or contact a Coldwell Banker agent to request more information.

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