9848 State Highway 87 S - Restaurant FOR SALE


Hemphill, TX 75948
$2,400,000 USD
409-509-6518
9848 State Highway 87 S, Hemphill, TX for Sale
$2,400,000 USD
Restaurant - FOR SALE
1/13
null | Request Cap Rate

9848 State Highway 87 S
Hemphill, TX 75948


HIGHLIGHTS

  • Acquire the Sportsman Restaurant, a turnkey business with 30+ years of success and a 4.3-star Google rating on the shores of Toledo Bend Lake.
  • Recently renovated in 2023, the well-maintained building includes a full kitchen, a bar, an open dining area, and updated exteriors and signage.
  • Located on Highway 87, this high-exposure site offers dual access points, on-site parking for 24 vehicles, and visibility to 1,500+ cars daily.
  • Just five minutes from Toledo Bend Marina, the restaurant benefits from steady traffic from locals & visitors seeking boating, hiking, & watersports.
  • With over $42 million in 2024 retail spending and 9% population growth since 2020, the area offers a growing, dependable customer base.
  • This property can be purchased as a portfolio with Al’s Waterfront RV Resort, a recently renovated getaway featuring ±20 RV sites and a rustic cabin.

OVERVIEW

Pursue a lucrative, turnkey business opportunity to acquire one of the only two restaurant properties serving the lively Six Mile Area of Toledo Bend Lake at 9848 State Highway 87 S in Hemphill, Texas, better known as the Sportsman Restaurant. Operating as a well-known fixture in the area for over 30 years, the restaurant and sports bar includes proven financials and a 4.3-star Google rating across hundreds of reviews, demonstrating a long-standing history of success. Discover the updated, functional spaces and features that separate the Sportsman Restaurant from similar properties. Originally built in 1950 and fully renovated in 2023, the building spans a total of ±6,000 square feet and has been well-maintained. Updates to the property include an exterior refresh with bright and highly visible building signage. The interiors boast an open-concept dining area, a full-wood service counter, a separate bar counter, and a full commercial kitchen with a large hood. Customers can easily access the property via two convenient access points off Highway 87, and the paved lot provides on-site parking for up to 24 vehicles. Over 200 feet of direct highway frontage allows the restaurant’s signage to be seen by more than 1,500 passing vehicles daily. Nestled in the beautiful neighborhoods of the Six Mile Area, the Sportsman Restaurant provides an income-producing opportunity on the shores of Toledo Bend Lake. The nearby lake and reservoir offer unmatched opportunities for outdoor recreation, and numerous nearby hiking trails provide scenic views of the Sabine National Forest. The subject property is perfectly positioned to capitalize on the area’s rich boating culture, sitting just five minutes from the Toledo Bend Marina and just down the road from the area’s only marine-industry retailer. Additionally, the property is within 15 minutes of further quality amenities in Downtown Hemphill. Hemphill’s robust, growing spending within 10 miles of the Sportsman Restaurant presents a substantial market for local retail/restaurant businesses. The region has experienced population growth of over 9% since 2020, and aggregated retail spending in the area surpassed $42 million in 2024. This ensures a dependable pool of potential customers for a new owner of the restaurant, with forecasts calling for continued, steady growth in the coming years. This unique opportunity is presented with the potential to be purchased as a portfolio with Al’s Waterfront RV Resort situated on the lot directly behind the restaurant. This performing hospitality investment includes ± 20 RV campsites, as well as a freestanding cabin rental unit. The first phase of renovations has been completed at the property, introducing several new RV sites and upgraded facilities and infrastructure. Tours of both properties are by appointment only and require at least 24 hours' advance notice. Please contact the Waterfront Toledo Bend team today to schedule a tour and learn more about this incredible offer.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$400 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sportsman Restauraunt

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

6.09 AC

LAND SF

265,348 SF

ZONING

None

APN/PARCEL ID

R000035781

ASK ABOUT THIS PROPERTY

Melda BartholdiWaterfront Toledo BendMore Info
409-509-6518

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Melda BartholdiWaterfront Toledo BendMore Info
409-509-6518

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