About This Restaurant
Investment Highlights
The 4 apartments upstairs are now leased and total 3200 per month SO buying makes sense.
Executive Summary
Seller financing available! Huge and wonderful Texas Classic building. +/- 7150 sq ft downstairs and +/- 3600 sq ft of 4 new separate office condos upstairs for a total of 10750 sq ft. Also 6 new RV spots in back fort a potential total income of 11 k per month fully leased. You can use all or part of building for your business and lease the rest. Downstairs is a classic HONKY TONK that you can incorporate in your decor with classic wooden bar and dance floor and lights. Get creative with usage as NO ZONING. Do what you want.ALL 4 APARTMENTS UPSTAIRS ARE NOW RENTED, SO 3200 $ of your purchase note is being covered.
Property Details
- Sale Type Investment
- Property Type Retail Retail General Retail Bank General Retail Restaurant General Retail Supermarket Retail
- Building Size 102,937
- Building Class B
- Year Built/Renovated 1983/2005
- Price 22,000,000
- Price Per SF 214
- Cap Rate 5.45
- NOI 1,199,000
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Loading Docks 1 Exterior
- Building FAR 0.30
- Land Acres 7.85 AC
Property Taxes
| Parcel Number | 15826 | Improvements Assessment | $52,800 (2023) |
| Land Assessment | $264,720 (2023) | Total Assessment | $317,520 (2023) |
| Date Created: | 2024-07-16 04:23:44 | Last Updated: | 2024-07-16 04:23:44 |
| Address: | 15603 E State Highway 29 , Buchanan Dam, Texas, 78609 | ||