700 Main St Blanket, TX 76432
This exceptional investment opportunity presents two thriving, newly renovated (2023) businesses in downtown Blanket, Texas. The property encompasses 3,283 square feet across two buildings, situated on a corner lot. The main building, a high-end Western-themed steakhouse and bar ("The Pearl Cactus"), boasts indoor seating for 76, a double-sided electric fireplace, a 22-foot metal bar with granite countertops, and a stunning landscaped patio with a firepit and water feature. A serving window connects the indoor bar to the outdoor patio. Across the street sits the "Old Trading Post & Service Station," a 2,880 square foot old-fashioned soda shop offering unique gifts, candy, and ice cream. Both buildings were meticulously renovated in 2023, featuring modern amenities including a walk-in cooler, security system, air conditioning, and wheelchair accessibility. Built in 1901 (main building) and originally constructed in 1893 (Old Trading Post), these historic structures offer a unique blend of charm and modern functionality. The asking price is $549,500, representing a price per square foot of $167.38. The property is zoned commercial (APN: 48617) and presents a rare chance to acquire two established, profitable businesses in a desirable location. This owner/user opportunity is perfect for an entrepreneur seeking a turnkey operation with significant potential for growth.
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The Pearl Cactus Steakhouse & Saloon Restaurant
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.