23526 State Hwy 71st W Spicewood, TX 78669-6831
This exceptional restaurant property in Spicewood, Texas, presents a turnkey opportunity for immediate operation. Situated on 5.72 acres at the intersection of State Highway 71 W and Pace Bend Rd, this Class A, two-story building (built in 2004, renovated in 2014) boasts a fully equipped kitchen, all furniture, fixtures, and equipment (FFE) included. The 1,300 square foot patio provides ample outdoor dining space, complemented by 50+ parking spaces. A second-story office and storage area optimizes operational efficiency. The property's strategic location within a thriving community, enhanced by a weekend farmer's market on-site, ensures high visibility and foot traffic. Property taxes are $2.38 per square foot. This is a rare opportunity to acquire a well-established restaurant in a prime location with significant growth potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.