411 Magnolia StMathis, TX 78368

Property Details for 411 Magnolia St

Lot size

0.14 AC

Property type

Other commercial real estate

APN

8600-0000-0003-000

APU

860000000003000

Description

This exceptional investment opportunity presents the Cielito Lindo Dancehall, a well-established South Texas bar and restaurant located at 411 E Magnolia St, Mathis, TX 78368. Built in 1972 and renovated in 2010, this single-story building boasts a substantial 7,924 square feet of space situated on a 1.16-acre lot. The property is offered at an asking price of $269,000, translating to $33.95 per square foot. All furniture and bar equipment are included in the sale price, making this a turnkey operation. The dancehall features a modern speaker and light system (available at an additional cost). This established business has been a local favorite for years and offers significant income potential. The property consists of one unit in a single building. Note that a separate 1.7-acre tract behind the building is also available for purchase (details not included in this listing). This is a rare chance to acquire a thriving business in a desirable location. The property is zoned for retail use and is categorized as a bar, restaurant, and dancehall.

• Alternative Use

  Use

  Valuation

  Residential

  $972,427

  Hospitality

  $890,738

  Educational

  $741,083

  Medical

  $766,570

  Retail

  $1,152,796

Location Insight

City

Mathis

County

San Patricio

State

Texas

Latitude

28.0966

Longitude

-97.8204

CBSA code

18580

CBSA name

CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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