Homes for sale - 375 Mesa DR, Del Valle, TX 78617

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Derek Pflaum

derek@atxareahome.com +1(512) 788-0038

$ 788,000

Est. payment | -/mo

1,848 SqFt

Save

$ 788,000

Est. payment | -/mo

Save

1,848 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 1,848 sqft

Price per Sqft $426

Subdivision The Ranch

MLS Listing ID 4574784

Year Built 1988

Tax Year 2024

Lot Size 0.860 Acres

Acres 0.86

Property Sub-Type Mixed Use

Source actris

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

Area Bw

Interior

Heating Central, Fireplace(s)

Cooling Central Air

Flooring Concrete, Tile

Fireplace N

Exterior

Utilities Available Water Connected

Accessibility Visitor Bathroom

Total Parking Spaces 15

Building

Sewer Public Sewer

Water Public

Structure Type Brick,Concrete,Stucco

New Construction No

Others

Restrictions None

Acceptable Financing Cash, Conventional, Owner May Carry

Tax Rate 1.5502

Listing Terms Cash, Conventional, Owner May Carry

Special Listing Condition Standard

Listed by Land Unlimited • Chelsea Robinson

Contact Us

Phone

+1(512) 788-0038

derek@atxareahome.com

375 Mesa DR Del Valle, TX 78617