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- LoopNet Team
905 Main St
Bastrop, TX 78602
Maxine's on Main · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- REDUCED. $135,833 Net Operating Income. $89,639 Net Cash Flow. 25.52% 1st year cash on cash. 15.47% CAP. 2.94 Debt Service Coverage Ratio
- Voted Best of Bastrop 2019 Overall Restaurant, Breakfast, Dessert and Home Cooking
- Over $40M in unmet restaurant and bar local demand in County
- Maxine’s Café and Bakery on Main ST in historic Downtown Bastrop. Established in 1997
- Current owner 10 years. Owner retiring. Real estate and/or business for sale. Possible owner finance. Recently added adjacent 1,000 SF
- Growth rate nearly identical to Austin with much higher property value trends, higher % $500K net worth, lower crime
PROPERTY FACTS
ABOUT 905 MAIN ST , BASTROP, TX 78602
REDUCED. $135,833 Net Operating Income. $89,639 Net Cash Flow. 25.52% 1st year cash on cash. 15.47% CAP. 2.94 Debt Service Coverage Ratio. Maxine’s Café and Bakery on Main ST in historic Downtown Bastrop. Established in 1997. Voted Best of Bastrop 2019 Overall Restaurant, Breakfast, Dessert and Home Cooking. Current owner 10 years. Owner retiring. Real estate and/or business for sale. Possible owner finance. Recently added adjacent 1,000 SF now 3,041 SF on two tracts. Not in flood zone. Over $40M in unmet restaurant and bar local demand in County. Growth rate nearly identical to Austin with much higher property value trends, higher % $500K net worth, lower crime. 1 MI or less from Buc-ee’s, TX 71 or TX 21. Bastrop Central Appraisal District Data Owners: Real estate: Zintek Properties LTD Business: ZNTK Management LLC dba Maxines on Main LLC Address: 905 Main ST Legal: Tract # 1: PIDN 33103, Geographic ID: R33103, Legal Description: BUILDING BLOCK 4 W W ST, ACRES 0.0520 Tract # 2: PIDN 33231, Geographic ID: R33231, Legal Description: BUILDING BLOCK 4 W W ST, ACRES 0.0310 Land*: 0.083 acres Tract # 1: Commercial: 0.052 acres | 2,265 SF | 210.425 m2 | .00195 hectares Tract # 2: Commercial: 0.031 acres | 1,350.36 SF | 125.452 m2 | .01254 hectares *m2 & hectares estimates by SWPRE Improvements: 3,041 SF living area Tract # 1: 2,041 SF living area Commercial built in 1920: 1,987 SF Paving concrete walk/paving built in 1976: 208 SF Paving concrete walk/paving built in 1920: 72 SF Commercial built in 1976: 54 SF Covered porch/canopy built in 1920: 5 SF Covered porch/canopy built in 1920: 5 SF Covered porch/canopy built in 1920: 5 SF Tract # 2: 1,000 SF living area Main area built in 1970: 1,000 SF Covered porch built in 1970: 160 SF Taxes: 2018 taxes: $12,533.40 Tax rate: 2.5849 Exemption: None Directions Travel north on TX-21/TX-95 0.1 MI Turn left (west) on Chestnut ST 0.8 MI Turn left (south) on Main ST 0.1 MI Property on your left at corner of Main ST & Pine ST 3% BUYER BROKER COMMISSION Only requirements for payment of 3% buyer broker commissions: Texas Broker License and submit contract that escrows, closes and funds.
PROPERTY TAXES
| Parcel Number | 33103 | Improvements Assessment | $261,092 |
| Land Assessment | $51,531 | Total Assessment | $312,623 |
PROPERTY TAXES
