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Property profile & analytics
OFF-MARKET
Commercial real estate

700 Main St Blanket, TX 76432

3,283 SF 0.14 ac lot
Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-6057769
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 3,283 SF
Lot 0.14 ac (5,998 SF)
APN 48617
UPID US82-6057769
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
  • The Pearl Cactus Steakhouse & Saloon 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
by Request
Owner & transaction history
Travis Saunders · 3 yrs held
Travis Saunders
since 2022
2 recorded transactions
2022
Price N/A
2012
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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