905 Bastrop Main Street $878,000

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    905 Bastrop Main Street Bastrop, TX 78604

    • 0.10 Acres
    • Commercial
    • MLS# 14191760
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    Property Details

    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 Cafe 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. 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 percent 500K net worth, lower crime. 1 MI or less from Buc-ee's, TX 71 or TX 21.

    • General Features
      • County Or Parish Bastrop
      • Financing Proposed Cash,Conventional,Trade/Exchange
      • Possession Closing/Funding
      • Property Sub Type COM-Sale
      • Property Type Commercial
      • Security Features Fire/Smoke
      • SQFT Building 3041
      • SQFT Gross 3041
      • SQFT Leasable 3041
      • Subdivision Name 4
      • Utilities City Sewer, City Water, Concrete, Curbs
      • Year Built 1927
      • Year Built Details Preowned
    • Building Features
      • Building Area Source Tax
      • Building Use Restaurant
      • Ceiling Height 15 to 20 Feet
      • Construction Materials Rock/Stone
      • Construction Materials Walls Cement Block,Plaster
      • Flooring Concrete
      • Foundation Details Slab
      • Freight Doors Other
      • Heating Central Air-Elec,Central Heat-Elec
      • Number Of Leaseable Spaces 1
      • Number Of Stories 1
      • Number Of Units 1
      • Parking Features On Street
      • Roof Metal
    • Property Features
      • Lot Number 1
      • Lot Size .5
      • Lot Size Area 0.100
      • Lot Size Area SQFT 4356.00
      • Lot Size Source Tax
      • Lot Size Units Acres
      • Topography Cleared
      • Waterfront Y/N 0
    • Additional Features
      • Business Name Maxine's Cafe & Bake
      • Commercial Features Cooler/Freezer,Fire Alarm,Security Lighting,Security System,Single User
      • Occupancy Tenant
      • Occupancy Rate 100
      • Number Of Spaces Leased 1
      • Road Frontage City,Concrete,Curbs/Gutters

    Contact

    Dave Perry-Miller Customer Care

    Dave Perry-Miller Customer Care

    Administrator

    Dave Perry-Miller - InTown

    Office: 214-294-5788
    • Prosperity Home Mortgage

    Neighborhood

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    Prosperity Home Mortgage, LLC

    Prosperity Home Mortgage, LLC

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    Home Team Insurance

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    ©2020 North Texas Real Estate Information Systems, Inc. All Rights Reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, North Texas Real Estate Information Systems, Inc.

    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.