Iconic Bar & Restaurant For
For Sale
Contact for pricing
701 N Martin Luther King Jr Highway, Mexia, TX 76667
Turn-key bar and restaurant with expansion potential in Mexia, TX.
Property Size7,000 SF
Price / SF$214.29
Days on Market866
Property Features for 701 N Martin Luther King Jr Highway
General Information
Standard status
Active
Size
7,000 SF
Total Parking Spaces
40
Property subtype
Retail
Zoning
Commercial
Investment Type
Owner/User
Net Operating Income
$3,000
Building Details
Year Built
1982
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
heritage real estate
(214) 453-1850
Listed By:
Mitzi Eves · License #0485908
Source:
Crexi
Added: Mar 27, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:59AM
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 heritage real estate
Investment Insights
Based on property information with market context.
This established bar and restaurant, a local favorite for decades, is available for purchase. The property features a fully operational bar and an adjacent full-sized restaurant space, presenting an opportunity for a new owner. During Covid, the current owner added a covered outdoor patio, providing space for live music and a designated smoking area, resulting in a smoke-free interior and enhanced dining atmosphere. The Falcon Club shares a fully functional kitchen with the vacant restaurant next door. The new owner has the option to lease the 4650 square foot vacant restaurant space and operate the bar separately, maintaining the existing customer base. The property is located on Highway 14, near the intersection of Highway 84, an area experiencing new commercial growth. A new gas and convenience station is under construction nearby, and a new manufacturing company is planned for the Mexia EDC Industrial Park. Additionally, TxDOT is expanding Highway 84.
Key Highlights
- Full turn‑key bar and restaurant operation with a loyal client base.
- Additional full‑sized restaurant space (4650 sq ft) available for lease, sharing a fully functional kitchen.
- Enjoy the outdoor covered patio for live music and smoking, ensuring a smoke‑free interior.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
8k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Hotels & Casinos 18%
Exxon
Shops & Services
5,005 visits/mo
0.1 miles
Comfort Inn & Suites
Hotels & Casinos
1,404 visits/mo
0.1 miles
Mike Terry Ford
Shops & Services
1,309 visits/mo
0.5 miles
Demographics for 76667, TX
10,801
Population
4,734
Households
2.3
Avg Household Size
40
Median Age
15%
College-Educated
85%
High-School Grad
153.1 sq mi
ZIP Area
71
Density / Sq Mi
$50,396
Median Household Income
$33,211
Median Earnings
$832
Median Rent
$119,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- The Falcon Club — 703 N, TX-14, Mexia, TX 76667
- EL FIESTA BALLROOM — 201-299 W Titus St, Mexia, TX 76667
- Cloud Patron — 842 State Hwy 171, Mexia, TX 76667
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turn-key bar and restaurant with expansion potential in Mexia, TX.
Where is this bar & pub located?
The property is located at 701 N Martin Luther King Jr Highway Mexia, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Full turn‑key bar and restaurant operation with a loyal client base.; Additional full‑sized restaurant space (4650 sq ft) available for lease, sharing a fully functional kitchen.; Enjoy the outdoor covered patio for live music and smoking, ensuring a smoke‑free interior.
