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Diane Hart Alexander, MBA, MHA

diane@alex.realestate +1(713) 591-9902

$ 789,000

Est. payment -/mo

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Price Dropped by $6K

375 Mesa DR Del Valle, TX 78617

1,848 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 1,848 sqft

Price per Sqft $426

Subdivision The Ranch

MLS Listing ID 570083

Construction Status Resale

HOA Y/N No

Year Built 1988

Lot Size 0.715 Acres

Acres 0.715

Property Sub-Type Commercial

Property Description

Multi-generational income producing investment opportunity near Austin! Gary's Grill established in 1994 has been a long-standing hot spot for the locals and tourists alike. Residing less than 5 miles away from Circuit of the Americas and only 11 miles from the Austin Airport makes this the ideal location. This property has the potential for an 18.5% cap rate!! Circuit of Americas has an amusement park said to be finished October of this year to really add to the business and vacancy potential you have with both a 3bed 2 bath home and a studio home. Gary's Grill has two full kitchens with multiple prep and storage areas to help cater to high volumes of business. The fenced in parking lot has the potential to hold upward of 15 cars at a time. Walking in you will order at the front counter inside and can take your order togo or have a seat in the dining area equipped with a fireplace for additional warmth and atmosphere during the colder months. All equipment in the restaurant will be staying with the property except for a smoker out front. Currently only open 5 hours a day- imagine the potential! This really is a turnkey property! The single-family home is a 3-bedroom 2 bath with an added office space in the master bedroom. This extremely well-maintained brick home offers a spacious floor plan with tile throughout most of the house, a wood burning fireplace and a large private backyard featuring multiple peach trees! Next to the main home you will find a large barn/workshop with sliding doors for additional private parking and storage! The separate studio guest home has its own covered parking and a pool in its backyard to enjoy in the warmer months. Overall, this property has so much to offer and is waiting for you to come find your next investment!

Location

State TX

County Bastrop

Interior

Interior Features See Remarks

Heating Central

Cooling Central Air

Flooring Carpet, Concrete, Tile

Inclusions Building(s), Business, Equipment, Fixtures, Inventory, Land

Fireplace No

Exterior

Parking Features Parking Space(s)

Carport Spaces 2

Community Features None

Utilities Available Above Ground Utilities, Electricity Available

Amenities Available None

View Y/N No

View None

Roof Type Composition,Shingle

Accessibility Other, See Remarks

Building

Story 1

Entry Level One

Foundation Concrete Perimeter, Slab

Sewer Public Sewer

Level or Stories One

Construction Status Resale

Schools

School District Bastrop Isd

Others

Tax ID 31035

Listed by Chelsea Robinson • Land Unlimited

Diane Hart Alexander, MBA, MHA

Chair, CEO, Broker | License ID: 565194

+1(713) 591-9902

Diane Hart Alexander, MBA, MHA

375 Mesa DR Del Valle, TX 78617

Key Details

Location

Interior

Exterior

Building

Schools

Others

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375 Mesa DR