WEDDING VENUE / EVENT CENTER/ HISTORIC BLDG

Retail-Commercial for Sale
Catylist Listing ID: 30769095
Property Subtypes: Mixed Use, Retail-Pad, Other
Building Size (RSF): 13,800 SF
Gross Building Area: See Agent
Sale Price: $595,000
Unit Price: $43.12 PSF
Property Use Type: Investment, Business
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 1/28/2022

Overview / Comments

What a terrific opportunity to own a Venue right in the heart of the Old Historic District of Palestine. Property consist of 3 floors, first floor is completely remodeled an has several smaller rooms besides the main center, bar and 2 restrooms. Second floor has been 80%remodeled, has seating all away around the balcony area and over looks down on the first floor, it also has an office/storage area and is plumbed for a bathroom on this level. Third floor has not been remodeled at all but has a Large open area plus several large meeting rooms and is also plumbed for a bathroom on this floor. The venue is fully furnished with tables, chairs, Large Bar, all equipment and supplies ready to go. Front street parking, rear entrance to more parking, located right next a Restaurant/Bar that's For Sale/Lease and inline with the Historic Texas Theater. 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

Additional Details

Nearest MSA: Palestine
County: Anderson
Taxing Authority: ANDERSON COUNTY
Tax ID/APN: R0034392
Zoning: COMMERCIAL
Retail Clientele: General, Business, Other
Property Visibility: Excellent
Number of Stories: 3
Typical SF / Floor: 12,144 SF
Property Condition: Good
Year Built: 1935
Year Renovated: 2021

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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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