2nd Gen. Austin, TX 78753
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.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.