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The Falcon - Bar & Restaurant 701 N Martin Luther King Jr Hwy 7,000 SF Retail Building Mexia, TX 76667 $1,500,000 ($214.29/SF)
Investment Highlights
- Full Turn Key Operation
- Near Major Intersection of Hwy 84 and Hwy 14
- Fully Functional Kitchen Space
- Full Sized Restaurant Ready for New Owner
- Outdoor Patio
- Area for Live Music
Executive Summary
RECENTLY REDUCED IN PRICE!! 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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built
1982
Price
$1,500,000
Price Per SF
$214.29
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.69 AC
Zoning
Commercial - Commercial
Parking
75 Spaces (10.71 Spaces per 1,000 SF Leased)
Frontage
200’ on MARTIN LUTHER KING JR HWY
Amenities
- Corner Lot
- Restaurant
- Security System
- Signage
- Wheelchair Accessible
- Accent Lighting
- Storage Space
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R19342 | Improvements Assessment | $98,010 |
| Land Assessment | $45,200 | Total Assessment | $143,210 |
Property Taxes
Parcel Number
R19342
Land Assessment
$45,200
Improvements Assessment
$98,010
Total Assessment
$143,210
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The Falcon - Bar & Restaurant | 701 N Martin Luther King Jr Hwy
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