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Property profile & analytics
OFF-MARKET Estimated value $780,000
Commercial real estate

601 Bessemer Ave Llano, TX 78643-1607

5,712 SF 0.48 ac lot Built 2006
Entity Owned 8-yr Hold Free & Clear
Property ID
US82-5222018
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2006
Total area 5,712 SF
Lot 0.48 ac (20,850 SF)
APN 31668
UPID US82-5222018
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$780k
Owner & transaction history
Rambler Joint Ventures II LLC · 8 yrs held
Rambler Joint Ventures II LLC
since 2017
2 recorded transactions
2017
Price N/A
2010
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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