Date
Details
Price
Change
Source
1/28/2026
Listed
$1,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/39
$1,500,000 Just Listed
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1/39
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. Seller will divide up the property: Restaurant with equipment $550,000 or land $350,000 or Bar. 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: $1,500,000
- Taxes: $3,917
- Status: Active
- Type: Business
- Source: NTREIS
- MLS ID: 21165263
- Updated: Today (1/28/2026)
- Added to Site: Today
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
- Potential Use: Food Service, Other, Restaurant
- Zoning: Commercial
Financial Considerations
- Tax Amount: $3,917
- Tenant Pays: Other
Disclosures and Reports
- 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
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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— 701 N Martin Luther King Jr Hwy —
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 701 N Martin Luther King Jr Hwy
School District:Mexia Independent School District
| Name | Grades | Distance |
|---|---|---|
A B Mcbay Elementary School 1000 North Ross Avenue, Mexia, TX 76667 | PK-2 | 1.1 mi |
R Q Sims Intermediate School 1010 North Ross Avenue, Mexia, TX 76667 | 3-5 | 1.2 mi |
Mexia J High School 1 Blackcat Dr, Mexia, TX 76667 | 6-8 | 1.4 mi |
Mexia High School 1120 North Ross Avenue, Mexia, TX 76667 | 9-12 | 1.2 mi |
Disclaimer:
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
Tax History
Tax History for 701 N Martin Luther King Jr Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2022
$3,917
—
$130,200
-18%
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
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- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
Listed by Heritage Real Estate Group (214) 521-0044
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- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 4Total Baths
Listed by Heritage Real Estate Group (214) 521-0044
701 N Martin Luther King Jr Highway, Mexia, TX 76667 (MLS# 21165263) is a Business property. 701 N Martin Luther King Jr Highway is currently listed for $1,500,000 and was received on January 28, 2026. This property is listed by Heritage Real Estate Group from our Dallas Office.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.