$ 878,000.00

  • Date added: 01/08/21
  • Post Updated: 2021-01-08 04:48:04
  • Type:
  • Status:
  • Area: 3041 sq ft
  • Year built: 1927
  • MLS #: 391082
  • Levels: One

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. Maxine’s Café 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. Possible owner finance. 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 % $500K net worth, lower crime. 1 MI or less from Buc-ee’s, TX 71 or TX 21.

Location Details

  • CountyOrParish: Bastrop
  • Directions: 1 MI from Buc’ees at &TX 21/95 Travel north on TX-21/TX-95 0.1 MI Turn left (west) on Chestnut ST 0.8 MI Turn left (south) on Main ST 0.1 MI Property on your left at corner of Main ST & Pine ST
  • Grade School: Bastrop ISD
  • ElementarySchool: Cedar Creek Elementary
  • MiddleOrJuniorSchool: Bastrop Middle School
  • HighSchool: Bastrop High School
  • Zoning: C-1

Property Details

  • LivingAreaSource: Appraiser
  • FoundationDetails: Slab
  • BuildingName: Maxine’s Cafe
  • LotSizeAcres: 0.1
  • ParcelNumber: 33103, 33231
  • PossibleUse: Restaurant
  • CurrentUse: Restaurant

Property Features

  • CommunityFeatures: Other,See Remarks,Curbs
  • AccessibilityFeatures: None
  • ParkingFeatures: None
  • Appliances: Electric Water Heater
  • AssociationAmenities: Other,See Remarks
  • Utilities: Cable Available
  • ConstructionMaterials: Stone Veneer
  • Cooling: Central Air
  • CoolingYN: 1
  • View: None
  • WaterBodyName: None
  • RoadFrontageType: City Street
  • Inclusions: Building(s),Business,Equipment,Fixtures,Furniture,Land
  • Roof: Metal
  • Sewer: Public Sewer
  • Stories: 1
  • Flooring: Concrete
  • Heating: Central,Electric
  • HeatingYN: 1
  • RoadSurfaceType: Concrete

Fees&Taxes

  • TaxLegalDescription: Tract # 1: PIDN 33103, Geographic ID: R33103, Legal Description: BUILDING BLOCK 4 W W ST, ACRES 0.0520 Tract # 2: PIDN 33231

Miscellaneous

  • Possession: Closing & Funding
  • Permission: IDX
  • CumulativeDaysOnMarket: 314
  • DocumentsAvailable: Disclosure(s),Floorplan,Topo Map

Courtesy of

  • ListOfficeName: Southwest Partners

This style property is located in is currently and has been listed on Manning Real Estate Group. This property is listed at $ 878,000.00. It has bedrooms, bathrooms, and is 3041 sq ft. The property was built in 1927 year.