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$788,000
Est. payment /mo
1,848 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 1,848 sqft
Price per Sqft $426
Subdivision The Ranch
MLS Listing ID 4574784
Year Built 1988
Tax Year 2024
Lot Size 0.860 Acres
Acres 0.86
Property Sub-Type Mixed Use
Source actris
Property Description
Multi-generational income producing investment opportunity near Austin! Gary's Grill established in 1994 has been a long-standing hot spot for the locals and tourists alike. Residing less than 5 miles away from Circuit of the Americas and only 11 miles from the Austin Airport makes this the ideal location. This property has the potential for an 18.5% cap rate!! Circuit of Americas has an amusement park said to be finished October of this year to really add to the business and vacancy potential you have with both a 3bed 2 bath home and a studio home. Gary's Grill has two full kitchens with multiple prep and storage areas to help cater to high volumes of business. The fenced in parking lot has the potential to hold upward of 15 cars at a time. Walking in you will order at the front counter inside and can take your order togo or have a seat in the dining area equipped with a fireplace for additional warmth and atmosphere during the colder months. All equipment in the restaurant will be staying with the property except for a smoker out front. Currently only open 5 hours a day- imagine the potential! This really is a turnkey property! The single-family home is a 3-bedroom 2 bath with an added office space in the master bedroom. This extremely well-maintained brick home offers a spacious floor plan with tile throughout most of the house, a wood burning fireplace and a large private backyard featuring multiple peach trees! Next to the main home you will find a large barn/workshop with sliding doors for additional private parking and storage! The separate studio guest home has its own covered parking and a pool in its backyard to enjoy in the warmer months. Overall, this property has so much to offer and is waiting for you to come find your next investment!
Location
State TX
County Bastrop
Interior
Heating Central, Fireplace(s)
Cooling Central Air
Flooring Concrete, Tile
Fireplace No
Exterior
Utilities Available Water Connected
Total Parking Spaces 15
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Concrete,Stucco
New Construction No
Others
Special Listing Condition Standard
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Listed by Land Unlimited
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Sylvia Crystal Ortega
Private Real Estate Consultant | License ID: 820798
Private Real Estate Consultant License ID: 820798