701 N Martin Luther King Jr Hwy, Mexia, TX 76667

$1,500,000

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List Price
$1,500,000
MLS#
21417819
Status
ACTIVE
Type
Commercial
Subtype
CommercialSale
Year Built
1982
Construction Status
Preowned
Acres
2.69
County
Limestone
City
Mexia
Subdivision
Evans N Hwy 14 Add

Property Description

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. The Falcon Club presents an exciting commercial investment opportunity in the growing community of Mexia, Texas. This established local gathering place has a loyal customer base and offers tremendous potential for continued operations, expansion, and additional income opportunities. During COVID, the current owner began construction of a covered outdoor patio designed to accommodate live music, entertainment, and a designated smoking area, allowing the interior to remain smoke-free and creating a more inviting atmosphere for expanded food service. One of the property's most attractive features is its fully functional commercial kitchen, which is shared with the adjoining vacant restaurant space. A new owner could capitalize on this unique arrangement by leasing the approximately 4,650-square-foot restaurant space to a separate operator while continuing to operate The Falcon Club independently, creating the potential for multiple income streams while preserving the established bar business and its loyal clientele. Strategically located on Highway 14 near the major intersection of Highways 84 and 14 and 171, the property is positioned to benefit from Mexia's anticipated commercial and industrial growth. Nearby developments include upcoming Zippy J's Community Store featuring a gas and convenience store, new industrial businesses in the Mexia ECD Industrial Park employing 1200+ people by year 2032, and TxDOT's planned expansion of Highway 84. New developments have the potential to bring additional business activity, employment opportunities, and increased traffic to the area and this versatile property offers an excellent location and opportunity to establish or expand your business in the heart of Central Texas.

Additional Information

Unexempt Taxes
$3,917
Tenant Pays
Other
Lot Size
117,176
Acres
2.69
Flooring
Carpet, Concrete, Tile, Wood
Foundation
Slab
Roof
Metal
Building Stories
1
Parking Garage
Asphalt, Common, On Site, Parking Lot
Possession
CloseOfEscrow
Business Name
The Falcon
Proposed Use
Food Service, Other, Restaurant
Inclusions
Business, Furniture, Inventory, Land & Improvements, Other

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Calculator source: Real Geeks

Listing courtesy of Mitzi Eves from Coldwell Banker Apex, REALTORS. Contact: 254-562-7899

Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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