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The Pony Express Bar and Grill 302 S Magnolia St 7,256 SF 100% Leased Retail Building Hearne, TX 77859 $1,200,000 ($165.38/SF)
INVESTMENT HIGHLIGHTS
- • Well regarded bar and sit-down restaurant housed in historic post office building
- • Located within Downtown Hearne revitalization initiative
- • Approximately 20 minutes to Bryan-College Station
- • Building and business convey with sale
- • Less than 500 feet from State Highway 6
- • Close proximity to US Highway 79 and US Highway 190
EXECUTIVE SUMMARY
Positioned in the heart of downtown Hearne, The Pony Express Bar and Grill offers a unique opportunity to own a well-regarded restaurant with historic charm. This established business, attracting both local residents and travelers, is located less than 500 feet from State Highway 6. Located just 20 minutes from Bryan-College Station and near US Highway 79 and US Highway 190, the property is located close to multiple high traffic intersections and thoroughfares. Additional nearby communities include Milano, Gause, Calvert, and Franklin. This versatile property presents a rare turn-key opportunity to acquire a piece of Hearne's history and its vibrant future.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,256 SF
Building Class
C
Year Built
1940
Price
$1,200,000
Price Per SF
$165.38
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.50
Lot Size
0.33 AC
Parking
10 Spaces (1.38 Spaces per 1,000 SF Leased)
Frontage
215’ on South Magnolia Street
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 080000-025695 | Improvements Assessment | $612,534 |
| Land Assessment | $31,913 | Total Assessment | $644,447 |
PROPERTY TAXES
Parcel Number
080000-025695
Land Assessment
$31,913
Improvements Assessment
$612,534
Total Assessment
$644,447
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The Pony Express Bar and Grill | 302 S Magnolia St
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