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701 N Martin Luther King Jr Highway, Mexia, TX 76667
$1,700,000
701 N Martin Luther King Jr Highway, Mexia, TX 76667View this property at 701 N Martin Luther King Jr Highway, Mexia, TX 76667
701 N Martin Luther King Jr HighwayMexiaTX76667
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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. 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.
Full Property Details
Full Property Details for 701 N Martin Luther King Jr Hwy
General
- Price: $1,700,000
- Taxes: $3,917
- Status: Active
- Type: Business
- MLS ID: 20538563
- Updated: 2/17/2024
- Added to Site: 72 day(s) ago
Business
- Name: The Falcon
- Business Type: Bar/Tavern/Lounge, Food & Beverage, Other, Restaurant
Interior
- Flooring: Carpet, Concrete, Tile, Wood
Additional Information
- Security/Safety: Security System, Fire Alarm, Security Lights
Parking
- Parking Features: Asphalt, Common, On Site, Parking Lot
Location
- County: Limestone
- Subdivision: Evans N Hwy 14 Add
- Driving Directions: From Mexia travel West on Hwy 84 towards Waco at red light turn North (right) on Hwy 14 towards Wortham property is on your left past Bluebonnet Street and across from King's Quarters Inn
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Connected, Natural Gas Available, Sewer Available, Separate Meters, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Brick, Metal Siding, Stone Veneer
- Roof: Metal
- Stories/Levels: 1
- Square Feet: 7,000
- Sq. Ft. Source: Owner
- Year Built: 1982
Lot Features
- Lot Size (Acres): 2.69
- Lot Size (Sq. Ft.): 117,176.4
- Lot Size Source: Public Records
- Frontage: Highway, Asphalt
- Zoning: Commercial
Financial Considerations
- Tax Amount: $3,917
- Tenant Pays: Other
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Special Conditions: Standard
- Legal Description: EVANS N HWY 14 ADDN, LOT 004 - 008, ACRES 0.6
- Exclusions: ALL LIQUOR IS EXCLUDED PER TABC RULES; for more Exclusions see Private Remarks
- Inclusions: Business, Furniture, Inventory, Land & Improvements, Other
- Property ID: R19342
- Lot Number: 4
Listed by Heritage Real Estate LLC, Mitzi Eves
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Schools
Schools serving 701 N Martin Luther King Jr Hwy
School District:Mexia Independent School District
Rating | Name | Grades | Distance |
---|---|---|---|
A.B. McBay Elementary School
1000 N Ross Ave, Mexia, TX 76667 | PK-2 | 1 mi | |
1010 N Ross Ave, Mexia, TX 76667 | 3-5 | 1 mi | |
Misd Developmental Center
616 N Red River St, Mexia, TX 76667 | 6-8 | 0.8 mi | |
1 Blackcat Dr, Mexia, TX 76667 | 6-8 | 1.2 mi | |
1120 N Ross Ave, Mexia, TX 76667 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 701 N Martin Luther King Jr Hwy
Date
Details
Price
Change
Source
2/16/2024
Listed
$1,700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 701 N Martin Luther King Jr Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2022
$3,917
—
$158,540
9%
2022
$3,917
-3%
$145,570
—
2021
$4,034
—
$145,570
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 701 N Martin Luther King Jr Hwy
701 N Martin Luther King Jr Highway, Mexia, TX 76667 (MLS# 20538563) is a Business property. 701 N Martin Luther King Jr Highway is currently listed for $1,700,000 and was received on February 16, 2024. Want to learn more about 701 N Martin Luther King Jr Highway? Do you have questions about finding other Business real estate for sale in Mexia? You can browse all Mexia real estate or contact a Coldwell Banker agent to request more information.