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701 N Martin Luther King Jr Hwy
Mexia, TX 76667
The Falcon - Bar & Restaurant · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Full Turn Key Operation
- Near Major Intersection of Hwy 84 and Hwy 14
- Fully Functional Kitchen Space
- Full Sized Restaurant Ready for New Owner
- Outdoor Patio
- Area for Live Music
EXECUTIVE SUMMARY
RECENTLY REDUCED IN PRICE!! 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. 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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built
1982
Price
$2,067,495 CAD
Price Per SF
$295.36 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.69 AC
Zoning
Commercial - Commercial
Parking
75 Spaces (10.71 Spaces per 1,000 SF Leased)
Frontage
200’ on MARTIN LUTHER KING JR HWY
AMENITIES
- Corner Lot
- Restaurant
- Security System
- Signage
- Wheelchair Accessible
- Accent Lighting
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | R19342 | Improvements Assessment | $119,859 CAD |
| Land Assessment | $63,737 CAD | Total Assessment | $183,596 CAD |
PROPERTY TAXES
Parcel Number
R19342
Land Assessment
$63,737 CAD
Improvements Assessment
$119,859 CAD
Total Assessment
$183,596 CAD
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