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    102 Fisk Ave Brownwood, TX 76801

    For Sale
    $685,000

    Prime Redevelopment Opportunity, High NOI

    Property size:
    24,985 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 24,985 square foot restaurant property at 102 Fisk Ave, Brownwood, TX 76801, presents a unique redevelopment investment opportunity. Built in 1876 and extensively renovated in 2019, this two-story building boasts significant historical character and modern amenities. The property features a fully operational restaurant and bar currently operating at 100% occupancy with a Net Operating Income (NOI) of $40,000 annually, under a Net Net lease with four years remaining. The building includes a commercial kitchen, ADA-compliant restrooms, restored brick and plaster walls, concrete and wood floors, and an outdoor patio with a stage. The first floor offers approximately 4,000 square feet of retail space divided into two rooms, a 500 square foot office area, and substantial warehouse storage. Ample parking is available with approximately 40 spaces on-site, supplemented by street parking. The property sits on a one-acre lot and is located in the heart of Downtown Brownwood, a revitalizing area experiencing significant public and private investment. The asking price is $685,000. This presents a rare chance to acquire a piece of Texas history with strong income potential and significant upside in a growing market. The adjacent Brownwood Hotel is also undergoing a major renovation, further enhancing the area's appeal and potential for future growth.

    Property Features for 102 Fisk Ave

    General Information

    Property type
    Restaurants
    Square Feet
    24,985 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built/Renovated
    1876/2019
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Brownwood
    County
    Brown
    State
    Texas
    Longitude
    -98.9799444
    Latitude
    31.7206035

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    FAQs

    What type of property is this?
    Restaurant - Prime Redevelopment Opportunity, High NOI
    Where is this restaurant located?
    The property is located at 102 Fisk Ave Brownwood, TX.
    What is the asking price?
    The asking price for this property is $685,000.
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    102 Fisk Ave Brownwood, TX 76801
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    Brownwood, TX 76801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    102 Fisk Ave Brownwood, TX 76801
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