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Turnkey Restaurant in Downtown Coleman
For Sale
$995,000

420 S Commercial Avenue, Coleman, TX 76834

Premier dining destination with upscale charm and high visibility.

Property Size4,275 SF
Price / SF$232.75
Days on Market105

Property Features for 420 S Commercial Avenue

General Information

Standard status Active
Size 4,275 SF
Property subtype Commercial

Building Details

Year Built 1980
Listing Agency: Liveoak Land & Real Estate
Listed By: Marsha Spinks · License #0633785
Source: Signaturere
Added: Apr 22 Changed: Jul 10 Last Checked: Jul 16 at 2:01PM

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 Liveoak Land & Real Estate

Investment Insights

Based on property information with market context.

This property presents an opportunity to own a dining destination in downtown Coleman, Texas. Currently operating as Smokesmith BBQ, the property offers a turnkey operation for investors or restaurateurs. The building is situated on a prominent, high-visibility corner with ample parking. The interior features a contemporary design with wood accents, polished concrete floors, custom lighting, and curated decor. The dining room accommodates large parties, and the bar area is suited for cocktails and socializing. A fully equipped commercial kitchen includes smokers, prep stations, and high-capacity refrigeration. There is potential to develop an outdoor seating area for dining and live music. The property size is 4275 square feet.

Key Highlights

  • Turnkey restaurant operation in a prime, high‑visibility downtown location.
  • Fully equipped commercial kitchen with state‑of‑the‑art smokers and high‑capacity refrigeration.
  • Upscale interior design with rich wood accents, polished concrete floors, and custom lighting.

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Dental Office HVAC Service Plumbing Service Pharmacy Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store

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

340
Businesses Nearby
Under-served
Demand for This Use

Demographics for 76834, TX

4,991
Population
3,041
Households
1.6
Avg Household Size
51
Median Age
15%
College-Educated
87%
High-School Grad
440.2 sq mi
ZIP Area
11
Density / Sq Mi
$51,766
Median Household Income
$36,074
Median Earnings
$746
Median Rent
$87,600
Median Home Value

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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Premier dining destination with upscale charm and high visibility.
Where is this conventional restaurant located?
The property is located at 420 S Commercial Avenue Coleman, TX.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Turnkey restaurant operation in a prime, high‑visibility downtown location.; Fully equipped commercial kitchen with state‑of‑the‑art smokers and high‑capacity refrigeration.; Upscale interior design with rich wood accents, polished concrete floors, and custom lighting.
More about this property
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