1600 Main AveMonahans, TX 79756

For Sale
$995,000 View listing
  • Commercial real estate
  • 11,126 SF

Property Details for 1600 Main Ave

Lot size
1.63 AC
Property size (Sq ft)
11,126 SF
Property type
Commercial real estate
APN
406
APU
406

Description

This exceptional 10,411 square foot commercial property, located at 1600 N Main in Monahans, Texas, presents a unique investment opportunity. Formerly operating as the Out West Bistro & Bar, this versatile venue is ideally suited for a restaurant, bar, or event center. Situated on a 1.63-acre lot, the property boasts high visibility and convenient access, being located near the Ward County Golf Course, ensuring significant foot traffic and exposure. The spacious interior includes a fully equipped kitchen and bar area, perfect for catering to a variety of events and dining needs. Ample parking is available on-site, ensuring convenience for patrons and staff. The existing dance floor adds to the property's versatility, making it suitable for a range of functions, from weddings and corporate events to live music performances and private parties. The property is offered for sale at $995,000. This prime location and well-equipped space offer an excellent opportunity for a thriving business venture in the heart of Monahans. The existing infrastructure significantly reduces the start-up costs associated with establishing a new restaurant, bar, or event space, making this a particularly attractive proposition for entrepreneurs and investors alike. The property's size and features provide ample room for expansion and customization to meet the specific needs of the future owner or tenant.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,889,349
    Hospitality
    $1,730,634
    Educational
    $1,439,867
    Medical
    $1,489,386
    Retail
    $2,239,793
1600 Main Ave, Monahans, Texas
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Location Insight

City
Monahans
County
Ward
State
Texas
Latitude
31.6058
Longitude
-102.904

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$1,819
$5,540
$104,770
$110,310
-
$5,540
$104,770
$110,310

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