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Badu 1891 601 Bessemer Ave 16,602 SF Retail Building Llano, TX 78643 $2,756,942 CAD ($166.06 CAD/SF)
INVESTMENT HIGHLIGHTS
- Recently Renovated
- High Traffic Location
- Two Bars
- Two Commercial Kitchens
- Historic Building
- Outdoor Patio with Stage and Garden
EXECUTIVE SUMMARY
The most remarkable building in the historic town of Llano, restored to perfection in 2017. The current owner took meticulous care to restore the integrity of this special property, while enhancing its historic detail. This spectacular building was the home of Badu 1891, a highly acclaimed restaurant, bar, and special event venue. Large patio and elevated deck, outdoor fireplace with comfortable sitting area, landscaped grounds, kitchen garden area - everything you could want in a unique destination restaurant. The covered outdoor bandstand for live music attracted many talented musicians and had a loyal following. The main dining room offers a beautiful intimate atmosphere, while bar dining is lively and casual. The large bar is stunning, with a bar top made of Llanite, which is a granite found only in Llano and the largest collection known to exist. A large private room and tiled porch is upstairs, along with a unique and beautiful bar area - very popular for private parties and weddings. The main kitchen is downstairs, and another full-service kitchen is upstairs for special events. Both kitchens have been updated with modern equipment and safety features. All equipment to serve a high-volume restaurant is included in the sale. A large 10,890 sf metal warehouse for storage across the street is included in this sale. This historic building was built in 1891 to serve as the First National Bank of Llano. The building is listed in the National Register of Historic Places and is a Texas Historic Site.
TAXES & OPERATING EXPENSES (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$16,429
|
$0.99
|
| Operating Expenses |
$20,939
|
$1.26
|
| Total Expenses |
$37,367
|
$2.25
|
TAXES & OPERATING EXPENSES (ACTUAL - 2023)
| Taxes (CAD) | |
|---|---|
| Annual | $16,429 |
| Annual Per SF | $0.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $20,939 |
| Annual Per SF | $1.26 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $37,367 |
| Annual Per SF | $2.25 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
16,602 SF
Building Class
B
Year Built
1891
Price
$2,756,942 CAD
Price Per SF
$166.06 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.35
Lot Size
1.09 AC
Opportunity Zone
Yes
Parking
40 Spaces (7 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Courtyard
- Fenced Lot
- Fireplace
- Restaurant
- Signage
- Accent Lighting
- Storage Space
- Recessed Lighting
- Air Conditioning
- Balcony
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 31668 | Total Assessment | $945,549 CAD (2024) |
| Land Assessment | $90,952 CAD (2024) | Annual Taxes | $16,429 CAD ($0.99 CAD/SF) |
| Improvements Assessment | $854,597 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
31668
Land Assessment
$90,952 CAD (2024)
Improvements Assessment
$854,597 CAD (2024)
Total Assessment
$945,549 CAD (2024)
Annual Taxes
$16,429 CAD ($0.99 CAD/SF)
Tax Year
2023
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Badu 1891 | 601 Bessemer Ave
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