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701 N Martin Luther King Jr Hwy Mexia, TX 76667

For Sale
$1,500,000

Business - Mexia, TX

Type:Business
Lot size:
2.69 Acres
Days on Market:
100
Last Refresh:
Dec 5 at 5:06 am

Property Features for 701 N Martin Luther King Jr Hwy

General Information

Property type
Commercial Sale
Property subtype
Business
Standard status
Active
APN
R19342
Parking features
Parking Lot
Lot size
2.69 Acres

Utilities

Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air, Electric

Building Details

Year built
1982
Flooring type
Carpet, Concrete, Tile, Wood
Building materials
Brick, Metal Siding, Stone, Stone Veneer
Roof type
Metal
Architectural style
Other

Minnette Murray Properties (214) 521-0044

Listing agent Mitzi Eves (214) 453-1850 License #485908

Listing date Aug 28, 2025

MLS# 20538563 Listing URL

Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

Iconic Bar & Restaurant For Sale

This property features an iconic bar and restaurant, a beloved local establishment with a long-standing history and loyal clientele. The business is offered as a full turnkey operation, ready for a new owner. An additional full-sized restaurant space is also available. The current owner expanded the facility during COVID, adding an outdoor covered patio to accommodate live music and create a designated smoking area, resulting in a smoke-free interior and enhanced dining atmosphere. The Falcon Club shares a fully functional kitchen with the adjacent vacant restaurant, presenting an opportunity for a new owner to lease the 4650 square foot restaurant space and operate the bar independently, maintaining the established customer base. The property is situated on 2.69 acres on Highway 14, near the intersection of Highway 84 and Highway 14. A new gas and convenience station is under construction nearby, and a new manufacturing company is coming soon to the Mexia EDC Industrial Park. TxDOT is expanding Highway 84 in the area. The seller is open to dividing the property, offering the restaurant with equipment for $550,000, the land for $350,000, or the bar separately. This property is suitable for bars, restaurants, and retail purposes.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Bars

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

The Falcon Club, EL FIESTA BALLROOM, Cloud Patron

Location Insight

  • Map
  • Local Demand
City
Mexia
County
Limestone
State
Texas
Longitude
-96.490405
Latitude
31.689746

FAQs

What type of property is this?
Bar - Full turnkey operation with additional restaurant ready for new owner.
Where is this bar located?
The property is located at 701 N Martin Luther King Jr Hwy Mexia, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: - Full turnkey bar and restaurant with established client base.; - Includes a second, full-sized restaurant space (4650 sf) ready for a new owner.; - Shared, fully functional kitchen between the bar and vacant restaurant.
More about this property
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