905 Bastrop Main Street

    Bastrop, TX 78604
    • $878,000
    • STATUS: Active
    • ON SITE: 155 days
    • MLS #: 14191760
    UPDATED: 32 min ago
    $878,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1927
    County:

    School Ratings & Info

    Offered by Diane Alexander of Southwest Partners Global International Realty.

    Description

    REDUCED. 135,833 Net Operating Income. 89,639 Net Cash Flow. 25.52 1st year cash on cash. 15.47 CAP. 2.94 Debt Service Coverage Ratio. Maxines Cafe and Bakery on Main ST in historic Downtown Bastrop. Established in 1997. Voted Best of Bastrop 2019 Overall Restaurant, Breakfast, Dessert and Home Cooking. Current owner 10 years. Owner retiring. Real estate and or business for sale. Recently added adjacent 1,000 SF now 3,041 SF on two tracts. Not in flood zone. Over $40M in unmet restaurant and bar local demand in County. Growth rate nearly identical to Austin with much higher property value trends, higher percent 500K net worth, lower crime. 1 MI or less from Buc-ees, TX 71 or TX 21.

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    © 2020 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Chad Smith Team. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than The Chad Smith Team are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2020-02-27T11:41:59.09.
    www.dfwpowersearch.com/homes/99287753

    905 Bastrop Main Street Bastrop, TX 78604

    • Price: $878,000
    • Status: Active
    • Updated: 32 min ago
    • MLS #: 14191760
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    1927
    Built
    Neighborhood:
    Building Block 4 W
    County:
    Bastrop
    Area:
    South Of Service
    Property Description
    REDUCED. 135,833 Net Operating Income. 89,639 Net Cash Flow. 25.52 1st year cash on cash. 15.47 CAP. 2.94 Debt Service Coverage Ratio. Maxines Cafe and Bakery on Main ST in historic Downtown Bastrop. Established in 1997. Voted Best of Bastrop 2019 Overall Restaurant, Breakfast, Dessert and Home Cooking. Current owner 10 years. Owner retiring. Real estate and or business for sale. Recently added adjacent 1,000 SF now 3,041 SF on two tracts. Not in flood zone. Over $40M in unmet restaurant and bar local demand in County. Growth rate nearly identical to Austin with much higher property value trends, higher percent 500K net worth, lower crime. 1 MI or less from Buc-ees, TX 71 or TX 21.
    Exterior Features

    Construction Rock/Stone Construction Materials Walls Cement BlockPlaster Foundation Slab Freight Doors Other Parking Or Garage On Street Road Frontage Type CityConcreteCurbs/Gutters Roof Metal Topography Cleared Waterfront YN No

    Interior Features

    Ceiling Height 15 To 20 Feet Commercial Features Cooler/FreezerFire AlarmSecurity LightingSecurity SystemSingle User Flooring Concrete Heating Central Air-ElecCentral Heat-Elec Sq Ft Building 3041 Sq Ft Gross 3041 Sq Ft Leasable 3041

    Property Features

    Alarm Or Security Type Fire/Smoke Average Monthly Lease 5500 Building Area Source Tax Building Use Restaurant Business Name Maxine's Cafe & Bake Commercial Zoning C-1 Construction Status Preowned Gross Annual Expenses 46149 Gross Annual Income 1520412 Inclusions Building OnlyBusinessFurnitureInventoryLand & Improvements Leasable Spaces 1 Leased Spaces 1 Lot Size Source Tax Multi Zoning No Municipal Utility District No Net Annual Income 135833 Occupancy Rate 100 Possession Closing/Funding Property Type Com-Sale Proposed Financing CashConventionalTrade/Exchange Special Notes Aerial Photo Tenant Pays All UtilitiesRenters Insurance Utilities City SewerCity WaterConcreteCurbs Will Subdivide No

    Listing information © 2020 North Texas Real Estate Information System.


    © 2020 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Chad Smith Team. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than The Chad Smith Team are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2020-02-27T11:41:59.09.
     
    The Chad Smith Team
    1301 S Bowen Road Suite 125
    Arlington TX, 76013
    Offered by Diane Alexander of Southwest Partners Global International Realty.