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    110 Bailey St Ponder, TX 76259

    Sponsored
    For Sale
    $1,900,000

    Turnkey Restaurant, Established Legacy

    Property size:
    2,950 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional turnkey business opportunity encompasses a 2,950 square foot commercial building situated on a 0.36-acre lot in Ponder, Texas. The property includes the established Ranchman's restaurant (formerly the Ponder Steakhouse), a Texas institution with a rich history dating back to 1903. The sale includes the business name, intellectual property, all equipment, inventory, and historic photos and furnishings. Buyers can seamlessly continue the legacy of this renowned establishment, which has welcomed a remarkable roster of celebrity guests, including John Wayne, Warren Beatty, Faye Dunaway, Lillian Carter, Stevie Nicks, Cindy Crawford, Dennis Hopper, and Eric Clapton. The restaurant has been extensively renovated in 2022 to meet ADA compliance standards, featuring a new roof, complete plumbing upgrade, epoxy flooring, Hardie fiber cement siding, a loading dock, ductless HVAC, and a high-efficiency tankless water heater. The building has also undergone complete rewiring. This iconic restaurant has been featured in prominent media outlets, including The Big Texas Steakhouse Cookbook, the Food Network with Bobby Flay, and The Texas Bucket List (NBC). A wealth of information and visual documentation is available via YouTube, showcasing the restaurant's history and its appearance on Bobby Flay's show. Priced at $1,900,000, this is a rare chance to acquire a thriving business with a celebrated past and a bright future.

    Property Features for 110 Bailey St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,950 SF
    Lot Size
    15,682 SF

    Building Details

    Year Built
    1903
    Location Intelligence

    Current Use by Public Records

    Ranchman's Ponder Steakhouse Steak House

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ponder
    County
    Denton
    State
    Texas
    Longitude
    -97.28801
    Latitude
    33.18349

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    FAQs

    What type of property is this?
    Commercial real estate - Turnkey Restaurant, Established Legacy
    Where is this commercial real estate located?
    The property is located at 110 Bailey St Ponder, TX.
    What is the asking price?
    The asking price for this property is $1,900,000.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    110 Bailey St Ponder, TX 76259
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