GREAT PLACE FOR A BAR, RESTAURANT OR NIGHT CLUB

Retail-Commercial for Sale
Catylist Listing ID: 30757013
Property Subtypes: Restaurant
Building Size (RSF): 4,400 SF
Gross Land Area: 0.22 SF
Sale Price: $495,000
Unit Price: $112.50 PSF
Ceiling: 15 ft.
Property Use Type: Investment, Business
Usable Size (USF): 4,400 SF
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 9/1/2021

Overview / Comments

What a terrific opportunity to own your own Bar, Restaurant or Night Club right in the heart of the Old Historic District of Palestine. Property is fully furnished with a Huge Bar, Large Kitchen, all equipment and supplies ready to go. Tables Chairs, Bar Stools, Walk-in, Ice Machine, Cooking Utensils,, front street parking, rear entrance to more parking, located right next to the Historic Texas Theater and next to a brand new Rental Venue. This property is listed in the National Register of Historic Place and could be eligible for Tax incentives along with the Palestine EDC Grant Funding. Property will be divide, Legal Description will change, property to share all parking with adjoining property, tax amount shown includes adjoining property also. Property is also listed For Lease, $5,000 monthly +NN

Additional Details

Nearest MSA: Palestine
County: Anderson
Taxing Authority: ANDERSON COUNTY
Tax ID/APN: R0034392
Zoning: COMMERCIAL
Retail Clientele: Business
Tenancy: Single Tenant
Typical SF / Floor: 4,400 SF
Property Condition: Good
Year Built: 1948
Roof Type: Flat
Construction/Siding: Brick
Parking Description: STREET PARKING, REAR ENTRANCE MORE PARKING
Zoning Description: COMMERCIAL
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Original BLOCK 101, Partial of Lots 22, 23& 24

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,645 17,046 19,358
Median Age: 34.86 33.74 34.23
Households: 1,318 6,437 7,235

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