701 N Martin Luther King Jr Hwy, Mexia, TX 76667
- $1,500,000
- List Price
- $1,500,000
- MLS#
- 21165263
- Status
- ACTIVE
- Type
- Commercial
- Subtype
- CommercialSale
- Year Built
- 1982
- Acres
- 2.69
- County
- Limestone
- City
- Mexia
- Subdivision
- Evans N Hwy 14 Add
Property Description
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. Seller will divide up the property: Restaurant with equipment $550,000 or land $350,000 or Bar. 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.
Additional Information
- Unexempt Taxes
- $3,917
- Tenant Pays
- Other
- Lot Size
- 117,176
- Flooring
- Carpet, Concrete, Tile, Wood
- Foundation
- Slab
- Roof
- Metal
- Building Stories
- 1
- Parking Garage
- Asphalt, Common, On Site, Parking Lot
- Business Name
- The Falcon
- Proposed Use
- Food Service, Other, Restaurant
- Inclusions
- Business, Furniture, Inventory, Land & Improvements, Other
- Possession
- CloseOfEscrow
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Listing courtesy of Mitzi Eves from Coldwell Banker Realty. Contact: 254-562-7899