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$ 540,000
Est. payment | /mo
1,976 SqFt
$ 540,000
Est. payment | /mo
1,976 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,976 sqft
Price per Sqft $273
MLS Listing ID 24-768
Originating Board Amarillo Association of REALTORS®
Year Built 1985
Lot Size 5 Sqft
Acres 5.0
Lot Dimensions 332 ft x 657 ft
Property Description
Introducing a unique investment opportunity with an exceptional 12%+ cap rate, this property boasts three distinct buildings on a sprawling 5-acre parcel. Strategically located with convenient access on two sides, the property features highway frontage on Fm 1151 (Claude Hwy) & Burlington Rd. This location ensures visibility and ease of entry. The centerpiece of this investment is the well-established Lonestar Bar and Grill, a seasoned restaurant that is a package deal with the real estate. With a proven track record and a loyal customer base, the restaurant adds significant value to the property. The potential for additional income is enhanced by the presence of rental office spaces and a mobile home, offering diverse revenue streams. *Financials are available upon request.* The three buildings are tied together and share a common well located in the center of the property. Each building is equipped with its own septic system, ensuring operational efficiency. The flexibility of the 5-acre parcel also allows for potential subdivision. Platting will be required. The classification of the well is currently a "public water supply", due to the restaurant business. Detailed records of both the well and septic systems have been documented and are available upon request, offering transparency and assurance to potential investors. This investment property offers a rare combination of a high cap rate, diverse revenue streams, development potential, and an inclusive restaurant business. Seize the opportunity to invest in a strategically located property with promising returns and multiple avenues for income generation.
Location
State TX
County Randall
Area 4999 - All Others Not Identified
Zoning 4000 - SE of Amarillo City Limits
Direction Located on FM 1151, in between S Osage & S Washington st.
Exterior
Utilities Available Septic
Others
Tax ID 215897
Listed JT Haynes • Triangle Realty, LLC
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