601 Bessemer Ave Llano, TX 78643-1607
This exceptional property, located at 601 Bessemer Avenue in the historic town of Llano, Texas, presents a unique investment opportunity. Completely restored in 2017, this stunning building boasts a rich history, having served as the First National Bank of Llano since its construction in 1891. Currently, it operates as a highly successful restaurant, bar, and special event venue, benefiting from its listing on the National Register of Historic Places and its designation as a Texas Historic Site. The meticulously restored interior retains its original charm while incorporating modern amenities. Features include a main dining room, a lively bar area featuring a stunning Llanite (a unique Llano granite) bar top, a large private room upstairs ideal for private parties and weddings, and a spacious tiled porch. The property also includes two fully equipped kitchens – one downstairs and one upstairs – both updated with modern equipment and safety features, ready to handle high-volume service. All restaurant equipment is included in the sale. Outdoor spaces are equally impressive, with a large patio, an elevated deck, an outdoor fireplace and comfortable seating area, and a landscaped garden. A covered outdoor bandstand adds to the venue's appeal, having previously attracted numerous musicians and a loyal following. Adding to the value, a substantial 10,890 square foot metal warehouse for storage, located across the street, is also included in this sale. The 1.09-acre lot provides ample space for outdoor activities and expansion. This turnkey operation offers a rare chance to own a piece of Texas history and a thriving commercial enterprise.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.