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931 Pearl St Granbury, TX 76048

Sponsored
For Sale
$5,000,000

Prime 3.58 acre waterfront property, $5M

Description

Added:
Dec 11, 2024
Days on Market:
399
This exceptional 3.587-acre commercial land parcel in Granbury, Texas (APN R000043470), presents a unique investment opportunity. Located at 931 E Pearl St, 76048, this Light Commercial (LC) zoned property boasts a prime location at the entry to the historic downtown district, within walking distance of the town square and adjacent to a convention center and hotel. The site offers unparalleled waterfront access to the river, ideal for a large-scale entertainment and dining complex. Current plans envision a multifaceted development including a 30,000 square foot restaurant with riverfront dining, multiple indoor and outdoor stages for live music, a distillery/brewery, beer garden, various dining options, boat docks (28), a drive-thru boat dock service, a dance hall, beach area, VIP dining dock, wedding chapel, boardwalks, splash pads, fire pits, and valet parking. All utilities are available: city water (8" PVC/70 psi), city sewer (8" PVC), city storm drainage (open channel to river, no detention required), Tri County 3-phase electric, and Atmos gas (4" poly, 30 psi). High-speed internet is also available via Charter Spectrum and fiber optic. This property is suited for a 1031 exchange. The property's strategic location and existing zoning ensure a consistent and valuable asset for future development. The potential for high revenue generation is significant, making this a truly irreplaceable opportunity.

Property Features for 931 Pearl St

General Information

Property type
Land
Lot Size
156,250 SF

HighLights

  • Light Commercial zoning; consistent with future land use plans, situated at the entrance to the historic downtown district.
  • City water (8” PVC, 70 psi), city sewer (8” PVC), city storm drainage (open channel to river, no detention required), Tri County 3‑phase electric, Atmos gas (4” poly, 30 psi), Charter Spectrum high‑speed internet (coax & fiber).
  • Two‑minute walk to the Granbury downtown square, served by tram.
  • Riverfront property with expansive sunset views, featuring three indoor/outdoor stages for simultaneous events, a 30,000 sq ft restaurant space, distillery/brewery/beer garden, multiple restaurant concepts, reserved dining/bonfire areas, outdoor bars, gourmet food trucks, waterfront concerts/movies, a dive‑in theatre, 28 boat docks with drive‑thru service, a dance hall, beach play area, VIP dining dock, wedding chapel, boardwalks, splash pads, fire pits, and valet parking.
  • Signalized intersection and major highway frontage with direct access; all utilities available.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Granbury
County
Hood
State
Texas
Longitude
-97.771288201869
Latitude
32.443514910382

FAQs

What type of property is this?
Land - Prime 3.58 acre waterfront property, $5M
Where is this land located?
The property is located at 931 Pearl St Granbury, TX.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Light Commercial zoning; consistent with future land use plans, situated at the entrance to the historic downtown district.; City water (8” PVC, 70 psi), city sewer (8” PVC), city storm drainage (open channel to river, no detention required), Tri County 3-phase electric, Atmos gas (4” poly, 30 psi), Charter Spectrum high-speed internet (coax & fiber).; Two-minute walk to the Granbury downtown square, served by tram.
More about this property
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