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Property profile & analytics
OFF-MARKET Estimated value $625,000
Commercial real estate

111 Archer St Jacksboro, TX 76458-1801

10,000 SF 0.13 ac lot Built 1900
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-6342878
Property summary
AI-generated overview

This exceptional 6,435 square foot commercial property, located at 111 E Archer St in downtown Jacksboro, Texas, presents a unique investment opportunity. Originally constructed in 1900 as a firehouse, this building has been meticulously renovated in 2018, retaining its historical charm while incorporating modern amenities. Currently operating as a highly successful restaurant, the property offers a turnkey operation with all furnishings, dГ©cor, equipment, and inventory potentially included with a reasonable offer. The main floor, fully remodeled and ready for immediate use, features a bar, two walk-in coolers (one for food, one for alcohol), and a well-equipped kitchen. The partially finished upstairs space provides significant expansion potential, suitable for additional dining areas, private event spaces, a wedding venue, or multiple office spaces. Situated on a 0.13-acre lot, this property benefits from its prime downtown location and the established reputation of the current restaurant business. The asking price is $1,100,000. This is a rare chance to acquire a thriving business and a historically significant building in the heart of Jacksboro. Don't miss this exceptional opportunity to own a piece of Jacksboro's history and a profitable commercial venture.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Total area 10,000 SF
Lot 0.13 ac (5,837 SF)
APN 12686
UPID US82-6342878
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Neri's Firehouse Restaurant and Take Out Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$625k
Owner & transaction history
Jg 411 Contracting LLC · 3 yrs held
Jg 411 Contracting LLC
since 2023
3 recorded transactions
2024
Price N/A
2023
Price N/A
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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