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Property Description
FORMER BURGER KING RESTAURANT FOR SALE OR SUBLEASE, MEXIA, TEXAS - This offering features a 2019 built building for SALE OR SUBLEASE. Offering a Sale with the current Owner of the property with possession upon Closing and Funding. Or an absolute NNN Sublease to be negotiated with the current Leasee. Owner and Leasee will have zero landlord responsibilities. Sublease can commence immediately upon an executed lease agreement. This interior lot, brick building boasts 2,977 sq. ft. of fast-food restaurant space and a total of 28,992 sf of gross building area. It includes a double drive-through with 2 pick-up windows and a connecting parking lot with pass-through access to Starbucks. Some kitchen equipment conveys with the property. Suggested fast-food restaurants would be: Pei Wei, Panda Express, Wingstop, Buffalo Wild Wings, Long John Silvers, Braum's Ice Cream & Dairy Store, Dairy Queen or Texas Burger. The site location benefits from excellent visibility and access along Milam Street or also known as Highway 84 with runs East and West through the heart of Mexia, TX. Current local fast food restaurants are McDonald's, Taco Bell, What-a-Burger, Starbucks and several local privately owned sit down or take away restaurants and Food Trucks. Mexia, Texas lies in the Texas Triangle is one of the nation's fastest-growing mega-regions. Mexia is poised to capitalize on this growth due to its strategic location in the Heart of the Texas Triangle. Mexia is also home to Navarro College - Mexia. Mexia Economic Development Corporation has 2 manufacturing companies currently in the construction phase. These 2 future employers will add approx 1300+ jobs to the area by year 2032. Mexia, Texas is located 1 hour east of Waco, 1.5 hours south of Dallas and 3 hours northwest of Houston. Based on TxDOT Statewide Traffic Monitoring Program data, the Annual Average Daily Traffic for Hwy 84 in the vicinity of Mexia generally ranges from 7,000-12,000 vehicles per day (VPD).
Full Property Details
Full Property Details for 708 Milam
General
- Price: $1,850,000
- Status: Active
- Type: Business
- Source: NTREIS
- MLS ID: 21268396
- Updated: 5/13/2026
- Added to Site: Today
Business
- Business Type: Bakery, Bar/Tavern/Lounge, Deli/Catering, Food & Beve
Interior
- Flooring: Ceramic Tile
Parking
- Parking Features: Concrete, Drive Through, Lighted, Parking Lot
Location
- County: Limestone
- Subdivision: none
- Driving Directions: site location is in the heart of Mexia, TX on Hwy 84 or also known as Milam Street directly across the Hwy from HEB Starbucks is to the East of this location
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Available, Separate Meters, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Rock, Stone
- Roof: Built-Up, Flat
- Stories/Levels: 1
- Square Feet: 2,977
- Sq. Ft. Source: Public Records
- Year Built: 2019
Lot Features
- Lot Size (Acres): 0.98
- Lot Size (Sq. Ft.): 42,688.8
- Lot Size Source: Public Records
- Lot Dimensions: 159 x 269
- Frontage: Highway
- Sidewalks: Yes
- Lot Features: Interior Lot, Landscaped, Other
- Potential Use: Food Service, Restaurant
- Zoning: FS2
Financial Considerations
- Terms: Cash, Conventional, Contract, Other
- Owner Pays: Exterior Maintenance, Other
- Tenant Pays: All Utilities, Grounds Care, Insurance, Pest Control, Sewer, Taxes, Trash Collection, Water
Disclosures and Reports
- Inclusions: Building Only, Land & Improvements
- Property ID: 46551
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 708 Milam
School District:Mexia Independent School District
| Name | Grades | Distance |
|---|---|---|
A B Mcbay Elementary School 1000 North Ross Avenue, Mexia, TX 76667 | PK-2 | 0.6 mi |
R Q Sims Intermediate School 1010 North Ross Avenue, Mexia, TX 76667 | 3-5 | 0.7 mi |
Mexia J High School 1 Blackcat Dr, Mexia, TX 76667 | 6-8 | 1 mi |
Mexia High School 1120 North Ross Avenue, Mexia, TX 76667 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 708 Milam
Date
Details
Price
Change
Source
5/13/2026
Listed
$1,850,000
—
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 708 Milam
Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,769
-7%
$570,996
11%
2022
$13,784
-3%
$512,200
—
2021
$14,196
—
$512,200
—
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 708 Milam
708 Milam, Mexia, TX 76667 (MLS# 21268396) is a Business property. 708 Milam is currently listed for $1,850,000 and was received on May 13, 2026. This property is listed by Heritage Real Estate Group from our Dallas Office.Want to learn more about 708 Milam? 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.


