Turn-Key Restaurant and Apartment
For Sale
Contact for pricing
113 S Lamar St, Eastland, TX 76448
Historic property featuring a restaurant and renovated apartment residences.
Property Size10,300 SF
Price / SF$101.94
Days on Market691
Property Features for 113 S Lamar St
General Information
Standard status
Active
Size
10,300 SF
Class
A
Property subtype
Mixed Use, Multifamily, Retail
Zoning
commercial
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$60,000
Building Details
Year Built
1918
Year Renovated
2019
Buildings
1
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
Lion's Gate Medical
Listed By:
Sanober Syed · License #TX
(972) 707-1171
Source:
Crexi
Added: Oct 17, 2024
Changed: Aug 13
Last Checked: Sep 7 at 12:37AM
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 Lion's Gate Medical
Investment Insights
Based on property information with market context.
Located on the west side of Eastland’s Historic Courthouse Square, just one mile off the I-20 Interstate, the property includes a branded 5,500 sq. ft. turn-key restaurant and bar on the first floor. The restaurant features an 800 sq. ft. culinary kitchen, a party room with catering kitchen, and a separate lunch counter/coffee bar. The restaurant has upscale antique lighting and decor, with entrances from a bar-side patio with a gas fire pit and a café entrance under a 1918 brick storefront cedar canopy. The restaurant includes a Toast Point of Sale System with 6 handhelds and two counter-top registers. The lease includes DBA for “Beard’s Wheat and Rye”, professional designed LED Building Signage, Website, Facebook, Logos, Merchandise Concepts and active Billboard on Eastbound Hgwy 20. The second story features energy-efficient, historic apartment residences completely renovated in 2021, with replaced plumbing and electric, and an LG suite of appliances. The building has 16 SEER HVAC Systems, instant gas hot water, and LED electric. Established Triple Net Metering for both suites allows for single or dual lease occupancy. Three HVAC systems are dated 2021 with 16 SEER, and there are gas and two electric instant hot water systems, and two water filter systems. Palo Pinto Mountain State Park will be opening in 2025 with an expected 75,000 guests expected to participate in its hiking trails, 50 acre lake, and camping park, located in nearby Mineral Wells, 23 miles from Eastland. The property size is 10,300 square feet.
Key Highlights
- Turn‑key, fully equipped 5,500 sq. ft. restaurant and bar with an 800 sq. ft. culinary kitchen, party room, and separate lunch counter/coffee bar.
- Includes DBA for “Beard’s Wheat and Rye”, professionally designed LED building signage, website, Facebook, logos, merchandise concepts, and active billboard on Hwy 20.
- Located on the historic Courthouse Square, one mile from I‑20, with high visibility and two separate entrances.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76448, TX
5,417
Population
2,799
Households
1.9
Avg Household Size
44
Median Age
29%
College-Educated
90%
High-School Grad
124.8 sq mi
ZIP Area
43
Density / Sq Mi
$56,957
Median Household Income
$40,223
Median Earnings
$803
Median Rent
$186,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Historic property featuring a restaurant and renovated apartment residences.
Where is this conventional restaurant located?
The property is located at 113 S Lamar St Eastland, TX.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Turn‑key, fully equipped 5,500 sq. ft. restaurant and bar with an 800 sq. ft. culinary kitchen, party room, and separate lunch counter/coffee bar.; Includes DBA for “Beard’s Wheat and Rye”, professionally designed LED building signage, website, Facebook, logos, merchandise concepts, and active billboard on Hwy 20.; Located on the historic Courthouse Square, one mile from I‑20, with high visibility and two separate entrances.
