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Restaurant & Cafe 7469 S US Highway 79 3,282 SF Retail Building Palestine, TX 75801 $550,000 ($167.58/SF)

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INVESTMENT HIGHLIGHTS

  • Heavy vehicle traffic
  • 3282 sq ft on 1.71 acres
  • Freestanding in Good Condition
  • Existing Restaurant Building
  • Ample paved parking

EXECUTIVE SUMMARY

SHOWING BY APPOINTMENT ONLY. LISTING AGENT MUST BE PRESENT. Located along US Hwy 79 in Palestine, TX, this partially furnished 3282 sq ft restaurant, once known as Lafitte's Cajun Café, is a gem awaiting a new proprietor. The location is fantastic. Its vibrant setting provides a canvas that can be artfully arranged in various configurations. Imagine the possibilities: an area for live music, pool tables for entertainment, a bar where stories are shared and memories made, and multiple seating areas that cater to diverse preferences.
The ambiance is versatile, adapting to the mood you wish to create. Whether you envision an intimate dinner setting, a lively spot for social gatherings, or a combination of both.
This property boasts practical features.: Two walk-in freezers that will provide ample food storage and an office area that is seamlessly integrated, offering a designated space for administrative tasks allowing you to efficiently manage operations. Additionally, ample parking spaces surround the property, ensuring that accessibility is never a concern for your patrons.
The property is being sold as is. This provides a unique opportunity for an enterprising individual or your team to bring their vision to life. While the restaurant is partially furnished and equipped, there may be a need for repairs or adjustments to meet current codes; therefore, any necessary repairs or updates will be the responsibility of the buyer. The bones of Lafitte's Cajun Café stand strong, infused with the memories and flavors of the past. It's a place where the spirit of celebration lingers in the air.
Take a moment to picture the possibilities:
• The band setting up for a night of live performances.
• The anticipation before a game of pool, and the hum of conversations echoing across the various seating areas.
• The Bar, a centerpiece and hub of social activity where tales are spun, and friendships are forged.
The potential is palpable, and it is ready for you to embrace the opportunity to make this restaurant your own, infusing it with your unique flair and culinary passion.
In conclusion, this restaurant, on a vibrant road, is a rare opportunity to step into a space with a rich history and shape its future. The potential is boundless.

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

ANNUAL ANNUAL PER SF
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,282 SF
Building Class
B
Year Built
1992
Price
$550,000
Price Per SF
$167.58
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.71 AC
Opportunity Zone
Yes
Zoning
Highway Commercial - Retail, Industrial and other Commercial
Parking
50 Spaces (15.23 Spaces per 1,000 SF Leased)
Frontage
210’ on US Highway 79 (W Oak St)

AMENITIES

  • Restaurant

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R41970
Land Assessment
$78,777 (2024)
Improvements Assessment
$149,918 (2024)
Total Assessment
$228,695 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
  • Listing ID: 30858578

  • Date on Market: 2/2/2024

  • Last Updated:

  • Address: 7469 S US Highway 79, Palestine, TX 75801

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