Current Use by Public Records
- Retail properties & Spaces
Property Details for 18660 Fm 1431
- Year built
- 1999
- Lot size
- 1.00 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a thriving retail center in Jonestown, Texas, encompassing a popular restaurant, convenience store, and Exxon gas station. Boasting 1,720 square feet on a one-acre lot at the highly visible, traffic-signaled intersection of FM 1431 and Lakeview Drive, this property benefits from significant road frontage (approximately 177 feet). The strategic location ensures excellent visibility and accessibility for both locals and tourists, particularly lake-goers. FM 1431 sees over 18,500 vehicles daily (Costar 2022 data), promising consistent traffic flow. Recent capital improvements exceeding $500,000 have enhanced the property's value, and there's ample potential for further expansion. The restaurant features four distinct menus, indoor and outdoor seating, and a full beer and wine license. Additional revenue streams are generated by an on-site ice machine and four double-sided fuel pumps. A large fenced yard provides opportunities for future development, such as expanded seating or a beer garden. The sale includes the business, land, and fixtures
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
- Jonestown
- County
- Travis
- State
- Texas
- Longitude
- -97.9241
- Latitude
- 30.4919
