10690 Fm 20 Hwy Kingsbury, TX 78638
This exceptional 1.7-acre property in Kingsbury, TX, presents a unique investment opportunity. The main structure, Deans Store, boasts a rich history, originally established in 1946 as a general store serving local farmers and ranchers. While the original store function has diminished, the bar has thrived, offering a unique atmosphere with a jukebox, pool table, and a welcoming ambiance reminiscent of a classic Texas saloon. The property includes a separate building currently used for storage, adjacent to the main structure. This offers significant expansion potential, allowing for the addition of music venues, a return to retail operations, or various other commercial ventures. The main building features two storage rooms and two restrooms, conveniently located across a breezeway from the main bar area. The property's assessed market value is $341,888. This is a rare chance to own a piece of Texas history and capitalize on its considerable potential for future development and growth. The property is located at 10690 Fm 20 Highway Unit 10690, Kingsbury, TX and is listed at $300,000.
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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Risks
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