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The Dam Grill 16082 E State Highway 29 2,322 SF Retail Building Buchanan Dam, TX 78609 $1,249,348 CAD ($538.05 CAD/SF) 22.23% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Fully Operational Restaurant in the Heart of the Hill Country
  • Large Covered Outdoor Patio Serving Beer and Wine
  • Loyal Customer Base and Growing Revenue

EXECUTIVE SUMMARY

Seller Financing Available! Unique opportunity to purchase a thriving restaurant in the heart of the Highland Lakes area! Amazing location on Highway 29 and just down the street from Lake Buchanan and Inks Lake, this restaurant has a loyal customer base and revenue is increasing every year. This turnkey sale includes the real estate, business, inventory, furniture, and fixtures. The restaurant comfortably seats 75 and the owners recently added a covered patio with bar and tv. This is one of the closest restaurants to Inks Lake State Park, which is in the top 10 most visited parks in Texas with 232,690 visitors in 2022, helping maintain a steady flow of patrons. The property itself consist of over1.3 acres, allowing for plenty of parking in the paved parking lot and room for building expansion if desired. In addition to the main building, there is a large storage and office building located at the back of the property along with an RV spot that can be utilized by the owners or for employee housing. The restaurant is fully staffed and utilizes a digital point of sale system to keep everything flowing efficiently. Owners are willing to help train the new owners if desired. This is an amazing business in a quickly growing area of the Texas Hill Country, don't miss this opportunity! Financials are available to qualified buyers.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,322 SF
Building Class
C
Year Built
2000
Price
$1,249,348 CAD
Price Per SF
$538.05 CAD
Cap Rate
22.23%
NOI
$277,788 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.31 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
75 Spaces (32.3 Spaces per 1,000 SF Leased)
Frontage
264’ on E State Hwy 29

AMENITIES

  • Freeway Visibility
  • Restaurant
  • Security System
  • Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6672
Land Assessment
$81,760 CAD
Improvements Assessment
$163,142 CAD
Total Assessment
$244,902 CAD
  • Listing ID: 31941304

  • Date on Market: 2024-05-28

  • Last Updated:

  • Address: 16082 E State Highway 29, Buchanan Dam, TX 78609

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