601 Commercial AveColeman, TX 76834

  • Commercial real estate
  • 2,075 SF
For Sale
$750,000 View listing

Property Details for 601 Commercial Ave

Property size (Sq ft)
2,075 SF
Property type
Commercial real estate
APN
R15782
APU
R15782

Description

This exceptional turnkey business opportunity presents a thriving restaurant and bar located at 601 S COMMERCIAL Avenue in Coleman, TX. The property boasts a generous 2,051 square feet situated on a 0.39-acre lot, providing ample space for both indoor and outdoor dining. The establishment is known for its excellent food and fantastic atmosphere, enhanced by features such as a covered patio, a spacious deck, and entertainment options including games and pool tables. This high-traffic location ensures a consistent flow of customers, translating to immediate income potential for the new owner. The sale includes all necessary equipment and fixtures for a seamless transition. The property's current operational status allows for immediate commencement of business activities. Interested parties are encouraged to explore the possibility of leasing the property as an alternative to outright purchase. This presents a unique chance to acquire a well-established and profitable business in a desirable location. The property's size and amenities make it an attractive investment for those seeking a ready-to-go restaurant and bar venture. Serious inquiries are welcome to schedule a private viewing and assess the potential of this lucrative opportunity. The asking price for this established business is $750,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $677,111
    Hospitality
    $620,230
    Educational
    $516,024
    Medical
    $533,771
    Retail
    $802,704

Location Insight

City
Coleman
County
Coleman
State
Texas
Latitude
31.8261
Longitude
-99.4227

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$1,111
$13,750
$26,650
$40,400
-
$13,750
$26,650
$40,400

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