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Property summary
The property is a commercial site on approximately 2.69 acres located along Highway 14 near the intersection of Highway 84 and Highway 14 in the Mexia area. It includes an established bar and restaurant with a long-standing operational history and a covered outdoor patio that was added during the COVID period to support live music and provide a designated smoking area, resulting in a smoke-free interior configuration. An additional full-sized restaurant space is also present, with approximately 4,650 square feet available for restaurant use; the bar and adjacent restaurant spaces share a fully functional kitchen setup. The property is configured to support independent operation of the bar and leasing/operation of the adjacent restaurant space, and it has potential for use as a bar, restaurant, or retail establishment, with the building and site designed as divisible for separate consideration of the bar/restaurant components and associated land. The site is positioned near planned regional development, including a new gas and convenience station under construction nearby, a manufacturing company planned for the Mexia EDC Industrial Park, and roadway expansion of Highway 84 in the area.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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