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Restaurant with Live Entertainment Space
For Sale
$1,700,000

1121 S Us Hwy 271, Gilmer, TX 75645

Several distinct dining, bar, and performance areas support a range of restaurant and entertainment formats.

Property Size10,084 SF
Price / SF$168.58
Days on Market9

Property Features for 1121 S Us Hwy 271

General Information

Standard status Active
Size 10,084 SF

Taxes and HOA fees

Annual Taxes $8,271
Listing Agency: BOLD Real Estate Group
Listed By: Suzanne Smith · License #9003751
Source: Exprealty
Added: Sep 28 Changed: Oct 5 Last Checked: Oct 5 at 7:26PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BOLD Real Estate Group

Investment Insights

Based on property information with market context.

The 10,084-square-foot restaurant property includes a main dining room with an upstairs loft and a separate large room with its own bar and restrooms. A dedicated performance area has a bandstand and large bar, while an elevated deck above the dining room provides outdoor space. The full-service kitchen is equipped with a large ventilation system, griddle, fryers, prep area, walk-in freezer, and walk-in cooler, with convenient access to the dining area.

Located at 1121 S US Hwy 271 in Gilmer, the property brings its restaurant, bar, and entertainment spaces together under one roof. Its configuration accommodates dining, live music, events, or a combination of these uses.

Key Highlights

  • 10,084‑square‑foot restaurant and entertainment property
  • Main dining room includes an upstairs loft
  • Separate large room has its own bar and restrooms

Property Analytics

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Current Use

Davidson’s Restaurant

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Grocery & Convenience Store Bakery Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

196
Businesses Nearby
170k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 33% Superstores 33% Shops & Services 18% Groceries 11%
Walmart Superstores
56,290 visits/mo 0.1 miles
McDonald's Dining
23,572 visits/mo 0.4 miles
Brookshire's Groceries
18,609 visits/mo 0.2 miles
Whataburger Dining
17,391 visits/mo 0.4 miles
Dollar Tree Shops & Services
9,930 visits/mo 0.1 miles

Demographics for 75645, TX

10,724
Population
4,505
Households
2.4
Avg Household Size
43
Median Age
17%
College-Educated
89%
High-School Grad
144.6 sq mi
ZIP Area
74
Density / Sq Mi
$64,069
Median Household Income
$47,741
Median Earnings
$1,060
Median Rent
$178,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Several distinct dining, bar, and performance areas support a range of restaurant and entertainment formats.
Where is this conventional restaurant located?
The property is located at 1121 S Us Hwy 271 Gilmer, TX.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 10,084‑square‑foot restaurant and entertainment property; Main dining room includes an upstairs loft; Separate large room has its own bar and restrooms
More about this property
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