904 College StBastrop, TX 78602

Property Details for 904 College St

Year built

1960

Lot size

0.51 AC

Property size (Sq ft)

3,604 SF

Property type

Commercial real estate

APN

R34409

APU

R34409

Description

This 3,604 sq. ft. restaurant in Bastrop, TX, presents a unique opportunity. Located at 904 College St, 78602, this single-tenant property boasts a fully equipped kitchen ready for immediate operation. The charming interior features rustic elements and ample seating across two dining areas, accommodating both large and small groups. The existing Mediterranean and Italian restaurant, established for 17 years, is available for purchase as a turnkey operation (lease separate). The property includes 20+ parking spaces and is zoned P5. Its prime location offers excellent visibility and accessibility, making it ideal for both established restaurateurs and aspiring entrepreneurs seeking a profitable venture. The space is versatile enough to accommodate a variety of culinary concepts, allowing for creative freedom and business success. This is a rare chance to acquire a well-established business or launch your own culinary vision in a thriving Texas community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,028,900

  6.5%

  $949,754

  7%

  $881,914

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,079,000

  Geo Method

  $1,079,000

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,030,540

  Retail / Commercial

  $1,009,790

  Mixed-Use / Specialty

  $981,405

  Hospitality / Lodging

  $687,750

  Office

  $949,754

  Institutional / Educational

  $1,011,410

  Residential Income

  $1,183,340

  Multifamily

  $1,556,670

  Automotive / Energy

  $866,919

  Parking / Income-Based Land

  $323,655

  Restaurant / Food Service

  $457,530

  Healthcare / Senior Housing

  $1,031,830

Location Insight

City

Bastrop

County

Bastrop

State

Texas

Latitude

30.1056

Longitude

-97.3167

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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