3589 State Highway 154 Yantis, TX 75497
This exceptional 3,258 square foot restaurant presents a unique investment opportunity on the shores of renowned Lake Fork. Situated on a spacious 1.78-acre lot, this property enjoys a prime location adjacent to the entrance of the new Caney Point Recreation Area, boasting six-lane boat ramps and an event pavilion. Across the street lies the new Swearingen Park, complete with a splash pad and fishing piers, ensuring high visibility and foot traffic. The restaurant is fully equipped, including all furnishings and restaurant-related equipment, and benefits from a commercial septic system. The versatile property offers potential for continued operation as a restaurant or conversion to residential use. Importantly, there are no known deed restrictions. This presents a rare chance to acquire a well-positioned commercial property in a thriving recreational area. An adjacent 0.92-acre lot with a lake leaseback, private boat ramp, and pier is also available for purchase separately from the owner. All information should be independently verified by the buyer. This is a truly remarkable opportunity to own a piece of Lake Fork's vibrant landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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