New Construction
Address
701 N Martin Luther King Jr Highway, Mexia, TX
Price
$ 1,700,000
Property Attributes
- MLS#20538563
- TypeCommercial
- CountyLIMESTONE
- CityMexia
- NeighborhoodEvans N Hwy 14 Add
- Zip76667
- StyleBusiness
- Year Built1982
- Taxes$ 3917
- Price$ 1,700,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size2.69 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
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.
| Price History | |
|---|---|
| 2/17/2024 | Listed $1,700,000 |
General Features
| Heating | Central,Electric |
|---|---|
| Cooling | Ceiling Fan(s),Central Air,Electric |
| Utilities | Asphalt,Cable Available,City Sewer,City Water,Electricity Connected,Individual Gas Meter |
| Ceiling Height | 8 to10 Feet,11 to 14 Feet |
| Possession | Closing/Funding |
| Roof | Metal |
| Exclusions | ALL LIQUOR IS EXCLUDED PER TABC RULES; for more Exclusions see Private Remarks |
| Year Built | 1982 |
| Tenant Pays | Other |
| Business Type | Bar/Tavern/Lounge,Food & Beverage,Restaurant,Other |
| Business Name | The Falcon |
| Unexempt Taxes | 3917 |
| Building Use | Bar/Taverns,Food Service,Restaurant,Other |
| Will Subdivide | No |
| Gross Annual Expenses | 247752.00 |
| Property SubType | Business |
| Subdivision Name | Evans N Hwy 14 Add |
| Accessibility Features | Accessible Doors |
| Zoning Description | Commercial |
| Occupant Type | Owner |
| County | Limestone |
| Operating Expense Includes | Insurance,Licenses,Maintenance,Manager,Pest Control,Staff,Utilities,Water/Sewer,Other |
| Property Type | Commercial Sale |
| Security Features | Burglar,Fire Alarm,Security Lights |
| Construction Materials | Brick,Metal Siding,Stone Veneer |
| Year Built Details | Preowned |
| Number Of Leaseable Spaces | 2 |
| Status | Active |
| Directions | From Mexia travel West on Hwy 84 towards Waco at red light turn North (right) on Hwy 14 towards Wortham property is on your left past Bluebonnet Street and across from King's Quarters Inn |
| City | Mexia |
| Buyer Agent Compensation | 2.5 |
| Street Name | Martin Luther King Jr |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20538563 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % |
Interior Features
| Flooring | Carpet,Concrete,Tile,Wood |
|---|---|
| Total Stories | 1 |
| Total Units | 2 |
| SQFT Gross | 117150 |
| Lock Box Type | None |
| Street Suffix | Highway |
Exterior Features
| Lot Size Source | Public Records |
|---|---|
| Parking Features | Asphalt,Common,On Site,Parking Lot |
| Lot Size | 1 to < 3 Acres |
| Foundation | Slab |
| Lot Size Area | 2.6900 |
| Lot Size Units | Acres |
| Construction Materials Walls | Paneling,Texture |
| Building Area Total | 7000.00 |
| Road Frontage Type | Highway |
| Lot Size Square Feet | 117176.4000 |
| Lot Size Acres | 2.6900 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 76667
Price
Taxes
Visits
Year Built
© 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor NextHome Premier Choice shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real
