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111 & 113 S Lamar Multifamily + Retail 2 Properties Offered at $1,050,000 in Eastland, TX

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INVESTMENT HIGHLIGHTS

  • Historic all brick asset, completely renovated 2021
  • Bar/Cafe, dual entrances, turnkey occupancy
  • 2nd story with four residential A+ executive rentals
  • West side of courthouse square
  • Energy efficient utilities, LED lighting
  • Residential Separate Entrance

EXECUTIVE SUMMARY

111 S. Lamar - First Floor Restaurant is Branded 5,000 sq. ft.
turn-key Restaurant and Bar featuring a 800 sq. ft. “banked out”
culinary kitchen, as well as a party room with catering kitchen
and separate lunch counter/coffee bar. It’s authentic, upscale
antique lighting and décor welcomes guests from two separate
entrances (bar side patio with gas fire pit and café entrance) under
the recognizable 1918 brick store front cedar canopy. 3 HVAC
2021 dated 16 SEER Systems, Gas and 2 Electric Instant Hot
Water, 2 Water Filter Systems, Established Triple Net Metering for
both Suites, can be occupied as single or Dual Lease. Toast Point
of Sale System with 6 handhelds, and two counter-top registers
are included. Located on the west side of Eastland’s Historic
Courthouse Square, and just one mile off the I-20 Interstate is
Instagram ready and waiting for the perfect operator.
The Beard Building is built waiting for a highly qualified
restauranter interested in operating a valued business concept,
engaging the local community and fulfilling a need for quality
dining on the square. The lease includes everything necessary to
make your dreams come true. Including DBA for “Beard’s Wheat
and Rye”, Professional designed LED Building Signage, Website,
Facebook, Logos, Merchandise Concepts and active Billboard on
Eastbound Hgwy 20.
113 S. Lamar – 2nd story Energy Efficient, historic Apartment
Residences completely Renovated in 2021, 16 SEER HVAC
Systems, Instant Gas Hot Water, LED electric, replaced plumbing,
electric, LG suite of Appliances.
Palo Pinto Mountain State Park will be opening in 2025 with an
expected 75,000 guests expected to participate in its hiking trails,
50 acre lake, and camping park. Located in nearby Mineral Wells it
is located just 23 miles from Eastland.

PROPERTY FACTS

Price $1,050,000
Price / SF $107.14 / SF
Cap Rate 5.71%
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 9,800 SF
Total Land Area 0.23 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
113 S Lamar St, Eastland, TX 76448 Multifamily 4,800 SF 1930 -
111 S Lamar St, Eastland, TX 76448 Retail 5,000 SF 1930 -
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  • Listing ID: 33586330

  • Date on Market: 10/21/2024

  • Last Updated:

  • Address: 111 & 113 S Lamar Multifamily + Retail, Eastland, TX

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