19878 Fm 39Iola, TX 77861

This exceptional mixed-use property, formerly the Log Cabin Restaurant, presents a unique investment opportunity in Iola, TX. The 3,911 square foot building sits on a 1.9-acre lot boasting approximately 425 feet of road frontage along FM-39, offering excellent visibility. The well-maintained structure features two large gathering areas (approximately 33' x 40' and 33' x 30'), a dedicated bandstand area, and a fully equipped commercial kitchen. The kitchen includes two large walk-in coolers and a CaptiveAire ventilation hood. Two 500-gallon propane tanks are also on-site. The property includes a three-sided porch with wood railings and approximately half an acre of concrete parking, including a designated handicapped area. All utilities are in place, including three-phase power. The existing marquee sign is ready for your business branding. This property is ideally suited for a restaurant, but its versatile design allows for conversion into a residence, church, convenience store, or other commercial use. Located approximately 3 miles from Iola and within 30 minutes of College Station and Madisonville, this property offers convenient access to major transportation routes. The asking price is $475,000. The land value is $121.45 per square foot. Additional acreage and a 7,440 square foot shop are also available for purchase separately.