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    Turnkey Bar and Restaurant Property Title is generated by Realmo AI

    701 N Martin Luther King Jr Highway, Mexia, TX 76667

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    Claim this Listing
    For Sale
    $1,500,000

    COMMERCIAL - Mexia, TX

    Property size:
    4,650 SF
    Lot size:
    2.69 Acres
    Price / SF:
    $322/SF
    Added:
    Jan 29, 2026
    Days on Market:
    143
    Last Refresh:
    Jun 21 at 7:06 pm

    Property Features for 701 N Martin Luther King Jr Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Security features
    Security
    Standard status
    Active
    APN
    R19342
    Lot size
    2.69 Acres

    Taxes and HOA fees

    Tax Description
    EVANS N HWY 14 ADDN, LOT 004 - 008, ACRES 0.6
    Tax Annual Amount
    3917

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1982
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Wood, Tile, Concrete, Carpet
    Building materials
    Brick, MetalSiding, StoneVeneer
    Roof type
    Metal

    We can help!

    Listing Contact
    Mitzi Eves
    Mitzi Eves

    Listing agent Mitzi Eves License #0485908

    Listing office Coldwell Banker Realty Flower Mound, TX

    Listing date Jan 29, 2026

    MLS# 21165263

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Bar/restaurant property built in 1982 with brick, metal siding, and stone veneer exterior
    • Metal roof; central heating and central air with electric HVAC components
    • Public water and public sewer; flooring includes concrete, carpet, tile, and wood
    • Parking lot on‑site; roofed outdoor patio built for expanded use
    • Shared, fully functional kitchen space with a vacant adjacent restaurant; vacant side listed at 4,650 SF
    • Seller‑provided options: restaurant with equipment for $550,000, land for $350,000, or bar; located on Hwy 14 near Hwy 84 & Hwy 14

    Overview

    This sale offers a well-established bar and restaurant operation configured for flexible future use. The Falcon Club shares a fully functional kitchen space with a vacant restaurant next door, and the property is described as fully turn-key with equipment. An additional full-sized restaurant is ready for a new owner, and the current setup also supports the option to lease the vacant restaurant side while operating the bar separately. The seller also notes development of an outdoor covered patio intended for live music and an area for smokers, positioned to keep the interior smoke-free.

    The property is located on Hwy 14 in Mexia, TX, near the major intersection of Hwy 84 and Hwy 14. The remarks indicate nearby commercial momentum, including a new gas and convenience station under construction, a new manufactured commercial business coming soon in the Mexia EDC Industrial Park, and TxDOT expanding Hwy 84.

    For buyers, this configuration can support continued operation of The Falcon Club while bringing in revenue from the adjacent vacant restaurant, whether through lease or new operation. It is also suited to operators seeking an established concept with a ready-to-license additional dining space and an outdoor entertainment-focused patio.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

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

    Similar Places Nearby

    • The Falcon Club — 703 N, TX-14, Mexia, TX 76667
    • EL FIESTA BALLROOM — 201-299 W Titus St, Mexia, TX 76667
    • Cloud Patron — 842 State Hwy 171, Mexia, TX 76667

    Location Insight

    • Map
    • Local Demand
    City
    Mexia
    County
    Limestone
    State
    Texas
    Longitude
    -96.490435
    Latitude
    31.689675

    FAQs

    What type of property is this?
    Bar & Pub - Iconic, fully equipped bar and restaurant with an additional full-sized restaurant ready for a new owner.
    Where is this bar & pub located?
    The property is located at 701 N Martin Luther King Jr Highway Mexia, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Bar/restaurant property built in 1982 with brick, metal siding, and stone veneer exterior; Metal roof; central heating and central air with electric HVAC components; Public water and public sewer; flooring includes concrete, carpet, tile, and wood
    More about this property
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