701 N Martin Luther King Jr Highway, Mexia, Texas, 76667

Listed by Coldwell Banker Apex, REALTORS, Mitzi Eves, 254-744-1692
$1,500,000
7,000 Sqft
2.69 Acres
#21417819
ICONIC BAR & RESTAURANT FOR SALE - FULL TURN KEY OPERATION PLUS ADDITIONAL FULL SIZED RESTAURANT READY FOR NEW OWNER!! This beloved local watering hole has thrived for decades with a loyal Client base. The Falcon Club presents an exciting commercial investment opportunity in the growing community of Mexia, Texas. This established local gathering place has a loyal customer base and offers tremendous potential for continued operations, expansion, and additional income opportunities. During COVID, the current owner began construction of a covered outdoor patio designed to accommodate live music, entertainment, and a designated smoking area, allowing the interior to remain smoke-free and creating a more inviting atmosphere for expanded food service. One of the property's most attractive features is its fully functional commercial kitchen, which is shared with the adjoining vacant restaurant space. A new owner could capitalize on this unique arrangement by leasing the approximately 4,650-square-foot restaurant space to a separate operator while continuing to operate The Falcon Club independently, creating the potential for multiple income streams while preserving the established bar business and its loyal clientele. Strategically located on Highway 14 near the major intersection of Highways 84 and 14 and 171, the property is positioned to benefit from Mexia's anticipated commercial and industrial growth. Nearby developments include upcoming Zippy J's Community Store featuring a gas and convenience store, new industrial businesses in the Mexia ECD Industrial Park employing 1200+ people by year 2032, and TxDOT's planned expansion of Highway 84. New developments have the potential to bring additional business activity, employment opportunities, and increased traffic to the area and this versatile property offers an excellent location and opportunity to establish or expand your business in the heart of Central Texas.

PROPERTY FEATURES

  • 2 Unit(s)
  • Business Type: Bar/Tavern/Lounge,Food & Beverage,Restaurant,Other
  • Utilities : Asphalt,Cable Available,City Sewer,City Water,Electricity Connected,Individual Gas Meter
  • Parking Features: Asphalt,Common,On Site,Parking Lot
  • Security Features : Burglar,Fire Alarm,Security Lights
  • Accessibility Features: Accessible Doors
  • Lot Features : Metal
  • Road Frontage Type : Highway
  • Building Use : Bar/Taverns,Food Service,Restaurant,Other
  • Cooling: Ceiling Fan(s),Central Air,Electric
  • Heating : Central,Electric
  • Construction Materials: Brick,Metal Siding,Stone Veneer
  • Construction Materials Walls : Paneling,Texture
  • Foundation Details: Slab
  • Flooring : Carpet,Concrete,Tile,Wood
  • Ceiling Height : 8 to10 Feet,11 to 14 Feet
  • Green Verification Count : 0
  • Zoning Description : Commercial
  • Title Company Preferred: First Title of Limestone
PROPERTY DETAILS
ID: 21417819
Status: Active
Price: $1,500,000
Acres: 2.69 Acres
Price Per Acre: $557,621
Type: Commercial
Address: 701 N Martin Luther King Jr Highway
City, State: Mexia, Texas
County: Limestone
Zip Code: 76667
Lat/Long: 31.689675, -96.490435
Presented By: Mitzi Eves
Phone: 254-744-1692
Email: Click to Contact