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701 N Martin Luther King Jr Highway

Mexia, TX 76667
  • $1,700,000
  • STATUS: Active
  • ON SITE: 126 Days
  • MLS #: 20538563
UPDATED: 125 min ago
$1,700,000
  • 0
    BEDS
  • 2.69
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1982
County:
Area:

School Ratings & Info

Offered by Mitzi Eves of Heritage Real Estate LLC: 254-562-7899.

Description

ICONIC BAR & RESTAURANT FOR SALE - FULL TURN KEY OPERATION PLUS ADDITIONAL FULL SIZED RESTAURANT READY FOR NEW OWNER!! This beloved local watering hole has thrived for decades with a loyal Client base. During COVID the current Owner began building an outdoor covered patio to create extra space for Live Music and an area for smokers to gather leaving the interior smoke free and a more pleasant atmosphere for his expansion into food service. The Falcon Club shares a fully functional Kitchen space with the vacant restaurant next door. The new Owner could lease the vacant Restaurant side with 4650 sf and operate the Bar separately. Keeping The Falcon Club open will keep the loyal Client base very happy. Mexia has new Commercial growth recently. This Listed property is on Hwy 14 near the major intersection of Hwy 84 and Hwy 14 where there will be a new Gas & Convenience Station under construction soon, new Manuf Comp coming soon in Mexia EDC Industrial Park and TxDOT is expanding Hwy 84.

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© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Robbins Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Robbins Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-06-22T07:43:57.357.
www.teamrobbins.com/homes/147696057
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701 N Martin Luther King Jr Highway Mexia, TX 76667

  • Price: $1,700,000
  • Status: Active
  • On Site: 126 Days
  • Updated: 125 min ago
  • MLS #: 20538563
0
Beds
0
Baths
0
½ Baths
2.69
Acres
1982
Built
Neighborhood:
Evans N Hwy 14 Add
County:
Limestone
Area:
Mexia
Property Description
ICONIC BAR & RESTAURANT FOR SALE - FULL TURN KEY OPERATION PLUS ADDITIONAL FULL SIZED RESTAURANT READY FOR NEW OWNER!! This beloved local watering hole has thrived for decades with a loyal Client base. During COVID the current Owner began building an outdoor covered patio to create extra space for Live Music and an area for smokers to gather leaving the interior smoke free and a more pleasant atmosphere for his expansion into food service. The Falcon Club shares a fully functional Kitchen space with the vacant restaurant next door. The new Owner could lease the vacant Restaurant side with 4650 sf and operate the Bar separately. Keeping The Falcon Club open will keep the loyal Client base very happy. Mexia has new Commercial growth recently. This Listed property is on Hwy 14 near the major intersection of Hwy 84 and Hwy 14 where there will be a new Gas & Convenience Station under construction soon, new Manuf Comp coming soon in Mexia EDC Industrial Park and TxDOT is expanding Hwy 84.
Exterior Features

Construction BrickMetal SidingStone Veneer Construction Materials Walls PanelingTexture Foundation Slab Lot Size Source Public Records Parking Or Garage AsphaltCommonOn SiteParking Lot Road Frontage Type Highway Roof Metal

Interior Features

Accessibility Features Accessible Doors Ceiling Height 8 to10 Feet11 to 14 Feet Cooling Ceiling Fan(s)Central AirElectric Flooring CarpetConcreteTileWood Handicap YN Yes Heating CentralElectric Sq Ft Gross 117150

Property Features

Alarm Or Security Type BurglarFire AlarmSecurity Lights Building Area Source Owner Building Area Total 7000.00 Building Use Bar/TavernsFood ServiceRestaurantOther Business Name The Falcon Construction Status Preowned Exclusions ALL LIQUOR IS EXCLUDED PER TABC RULES; for more Exclusions see Private Remarks Gross Annual Expenses 247752.00 Gross Annual Income 250752.00 Leaseable Spaces 2 List MLSProvider Metrotex Association Of Realtors Multi Zoning No Municipal Utility District No Net Operation Income 3000 Operating Expense Includes InsuranceLicensesMaintenanceManagerPest ControlStaffUtilitiesWater/SewerOther Possession Closing/Funding Property Type Business Tenant Pays Other Transaction Includes BusinessFurnitureInventoryLand & ImprovementsOther Unexempt Taxes 3917 Utilities AsphaltCable AvailableCity SewerCity WaterElectricity ConnectedIndividual Gas Meter Will Subdivide No Zoning Commercial

North Texas Real Estate Information Systems MLS logo Listing information © 2024 North Texas Real Estate Information System.


© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Robbins Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Robbins Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-06-22T07:43:57.357.
 
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Robbins Real Estate Group
1920 McKinney Ave WeWork/Robbins Real Estate Group
Dallas TX, 75201
Offered by Mitzi Eves of Heritage Real Estate LLC: 254-562-7899.