411 E Magnolia St - Bar FOR SALE


Mathis, TX 78368
$395,000 USD
361-980-6016
411 E Magnolia St, Mathis, TX for Sale
$395,000 USD
Bar - FOR SALE
1/5
null | 9.11% Cap Rate

411 E Magnolia St
Mathis, TX 78368


OVERVIEW

Two unit property with 31% of GLA occupied by established, successful restaurant. The restaurant will sign a NNN, 5 year lease prior to closing. The fully functional dancehall and bar next door currently has no tenant. Owners lease this area out by the day, on occasion, for private events. Buyer could lease this out full time or continue to operate as an event center or bar/dancehall. Please be discreet if looking at restaurant as staff is not currently aware of a potential sale of property.

FOR SALE DETAILS

PRICE

$395,000 USD

PRICE/SF

$39 USD /SF

CAP RATE

9.11%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

-

APN/PARCEL ID

1039343,1039344,1039345

ASK ABOUT THIS PROPERTY

Robert CooperCarlisle Realty PLLCMore Info
361-980-6016

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Robert CooperCarlisle Realty PLLCMore Info
361-980-6016

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.