$878,000
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3,041 SqFt
SOLD DATE : 07/12/2021
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 3,041 sqft
Price per Sqft $279
Subdivision Building Blk
MLS Listing ID 5804618
Sold Date 07/12/21
Originating Board actris
Year Built 1920
Tax Year 2018
Property 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. Best of Bastrop 2019 Overall restaurant, Breakfast, Dessert and Home Cooking! Current owner 10 years. Owner retiring. Real estate and/or business for sale. Recently added adjacent 1,000 SF. Not in flood zone. Growth rate nearly identical to Austin. 1 MI from Buc-ee’s, TX 71 or TX 21.Restrictions: Yes
Location
State TX
County Bastrop
Zoning C-1
Interior
Heating Central
Cooling Central Air
Flooring Concrete, Wood
Furnishings Unfurnished
Fireplace N
Exterior
Exterior Feature None
Pool None
Community Features None
Utilities Available Electricity Available
Waterfront No
Waterfront Description None
View Y/N Yes
View City
Roof Type Metal
Accessibility None
Porch None
Parking Type None
Private Pool No
Building
Lot Description Corner Lot, Level
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick Veneer
Others
Pets Allowed No
Restrictions City Restrictions
Acceptable Financing Cash, Conventional, 1031 Exchange, Owner May Carry
Tax Rate 2.5849
Listing Terms Cash, Conventional, 1031 Exchange, Owner May Carry
Special Listing Condition Standard
Pets Description No
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