113 Lamar St Eastland, TX 76448

This exceptional Class A mixed-use property in Eastland, Texas, presents a compelling investment opportunity. Located on the historic downtown square at 113 S Lamar St, this 10,300 square foot building boasts a captivating blend of commercial and residential spaces. The ground floor encompasses a fully equipped, turn-key restaurant and bar (5,500 sq ft) with a separate party room and catering kitchen. This established business includes all necessary equipment, such as a Toast Point of Sale system, and benefits from triple net metering. The restaurant features upscale antique décor, two entrances, and a patio with a gas fire pit. Three 2021 HVAC systems (16 SEER), gas and electric hot water, and water filter systems are in place. Upstairs, four fully renovated (2019) energy-efficient apartment units provide stable rental income. These units feature updated appliances, plumbing, electrical systems, and 16 SEER HVAC systems. The building, constructed in 1918, benefits from permitted commercial zoning and is currently operating at 100% occupancy with six tenants, generating a strong NOI of $84,000 and an 8.00% cap rate. The asking price is $1,050,000 ($101.94/sq ft). The property's prime location, one mile from I-20 and near the future Palo Pinto Mountain State Park (projected opening 2025), ensures strong potential for future growth and increased value. This stabilized investment offers a rare opportunity to acquire a turnkey, high-performing asset in a thriving Texas community.