Current Use by Public Records
- Retail properties & Spaces
Property Details for 2nd Gen.
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This turnkey restaurant and bar opportunity in North Austin, situated conveniently off I-35, presents a unique chance for immediate operation. The 1,330 square foot space boasts a full kitchen featuring a 9-foot hood, grease trap, ample refrigeration (including two reach-in freezers and two single-door refrigerators), a two-burner stove, a 3-foot grill top, a six-foot prep table, and a full-size oven. The existing setup includes seven 65-inch TVs and a comprehensive entertainment package, perfect for a lively atmosphere. The property benefits from a large parking lot and is located in a high-traffic area with nearby homes, apartments, and businesses, ensuring consistent customer flow. A mixed beverage permit is in place, simplifying the transition for the new owner. The asking price is $80,000, and the current lease, with options extending through June 2033, has a monthly rate of $4112 (NNN included). The previous gross revenue was $70,000. Inventory is not included in the asking price. Seller financing is not available. This second-generation restaurant is ready for immediate occupancy, saving the new owner significant time and expense associated with build-out and permitting. The current lease terms are available through June 2026. The business is being sold for personal reasons. This presents a fantastic opportunity for either establishing a new concept or expanding an existing one.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Travis
- State
- Texas
- Longitude
- -97.6711
- Latitude
- 30.389
