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Property profile & analytics
OFF-MARKET
Commercial real estate

315 Main St Bandera, TX 78003

5,000 SF 0.23 ac lot Built 1897
Property ID
Property summary
AI-generated overview

This exceptional opportunity presents the acquisition of the O.S.T. Restaurant, a cornerstone of Bandera, Texas. Located at 315 Main Street, this esteemed establishment boasts a rich history spanning nearly a century of continuous operation, making it one of the oldest continuously operating restaurants in the state. Situated on a 0.23-acre lot, the restaurant encompasses 5,000 square feet of space, perfectly suited to its current configuration and potential future expansions. The O.S.T. Restaurant has a long-standing reputation for serving home-style family meals, catering to locals, tourists, and seasonal residents alike. Its enduring popularity and prime location in the heart of the Texas Hill Country ensure a consistent customer base. This sale presents a unique chance for a new owner-operator to inherit a well-established business with significant brand recognition and the potential for continued growth and success. The asking price for this remarkable property is $3,250,000. This is a rare opportunity to own a piece of Texas history and a thriving, profitable business. The property's established clientele and prime location offer a strong foundation for future success. The sale includes the entire restaurant operation, ready for a new owner to step in and continue the legacy.

Property profile
Verified
Property type Commercial real estate
Year built 1897
Total area 5,000 SF
Lot 0.23 ac (10,019 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The First National Ice Haus Bar & Pub
  • Bandera Bookkeeping Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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