2nd Gen Restaurant For Sale Great Location! Priced To Move! Lakeway, TX 78734
This 1,250-square-foot restaurant in Lakeway, Texas, presents a fantastic turnkey opportunity for a new owner. Built in 2023, this retail space boasts a modern interior with textured walls, accent pieces, and a beautiful corner window, creating a bright and inviting atmosphere. The space includes ample indoor seating for 16+ patrons, a mix of standard and high-top tables, and bar seating. A delightful outdoor patio further enhances the dining experience. The current lease, at a monthly rate of $3,820 (NNN included), extends until February 2028. All existing equipment is included in the sale, a comprehensive inventory encompassing two reach-in refrigerators, one reach-in freezer, a food processor, convection oven, slicer, multiple TVs, and a substantial collection of small wares. The restaurant is situated in a thriving food destination complex, directly off the frontage road of a major highway, with high visibility and proximity to numerous businesses and homes. While a vent hood is absent, the existing grease trap makes this space ideal for concepts such as smoothies, salads, bowls, sandwiches, and paninis. The property already possesses a Certificate of Occupancy, eliminating the need for extensive permitting processes, allowing for a swift and cost-effective transition for the new owner. This represents a significant advantage over starting from scratch, offering immediate operational readiness and substantial cost savings. The asking price is $50,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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