14601 Fm 306 Canyon Lake, TX 78133-4164
- Retail space
- 2,762 SF
- 0.74 lot acres
Current Use by Public Records
- Retail space
Property Details for 14601 Fm 306
- Year built
- 1996
- Lot size
- 0.74 lot acres
- Property size
- 2,762 SF
- Property type
- Retail space
- APN
- 74-0005-0294-00
- APU
- 740005029400
Description
This exceptional investment opportunity presents a turnkey restaurant and bar situated on a 0.74-acre lot in Canyon Lake, Texas. The 2,762 square-foot property boasts a 4.7-star Google rating and generates over $1 million in gross annual revenue. The property includes a 1752 square-foot residential home, ideal for owner occupancy, short-term rentals, or expansion of the business. Currently operating as a family-friendly establishment, it features outdoor seating, a playground, and a beer and wine license. Located at a high-visibility intersection on 14601 FM306, the property benefits from significant foot traffic and proximity to popular attractions like Canyon Lake, Whitewater Amphitheater, and the Horseshoe of the Guadalupe River. The property's strong financial performance is reflected in its current NOI of $230,000 and a pro-forma NOI of $300,000, yielding a current cap rate of 8.21% and a pro-forma cap rate of 10.71%. The asking price is $2,800,000. Built in 1996, this single-story building presents a rare opportunity for a seasoned restaurateur or a new entrepreneur to acquire a well-established and profitable business in a desirable location. The current owner is willing to assist with the transition. The property's APN is 740005029400.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Canyon Lake
- County
- Comal
- State
- Texas
- Longitude
- -98.1954
- Latitude
- 29.8762
- CBSA code
- 41700
- CBSA name
- SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA
