931 E Pearl St Granbury, TX 76048
For Sale
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Available for ground lease: Granbury Riverstage is a 3.587-acre restaurant - bar - entertainment development. This is a category killer venue with anticipated sales well into the 8-figures. This is the entry into historic downtown Granbury. The downtown square is within walking distance. One of the neighboring properties is the convention center with full-service hotel. This site has all utilities. Proposed Development Plan: This restaurant - bar - entertainment development combines dining and drinking with live music, shows, and other attractions. This development is an extension of the historic downtown and nearby hotel. It aims to create a larger "destination district" for consumers with the goal of building a cohesive environment where food, drinks, and live entertainment are all integrated to attract customers and create a vibrant atmosphere. Instead of separate businesses, a single complex will feature multiple restaurants and bars alongside dedicated spaces for live entertainment, such as concert halls, theaters, and stages. This development is not limited to just food and entertainment. It is part of larger, multi-use district that blends residential, office, and retail spaces, creating a walkable community from the river dock to the downtown and a continuous stream of potential customers. The fusion of food and entertainment is designed to enhance the overall customer experience. Venues focus on creating lively and visually appealing environments that encourage social sharing and build buzz. By combining various offerings, Granbury Riverstage will attract a broader customer base for different needs and occasions. It aims to become a central gathering place with a wide range of activities available in one location. Integrating food, beverages, and entertainment allows for multiple revenue streams within a single development. This property is exclusively listed by: Imperium Brokerage Services, LLC, TX license #9001341 Stephen Schattner, principal, TX license #502217 972.385.1907 ext 301 2101 Cedar Springs Rd., Suite 1050 Dallas, TX 75201
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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