905 Main Street
Bastrop, TX 78602
$878,000
Pending
Description
REDUCED. $135,833 Net Operating Income. $89,639 Net Cash Flow. 25.52% 1st year cash on cash. 15.47% CAP. 2.94 Debt Service Coverage Ratio. Maxine’s Café and Bakery on Main ST in historic Downtown Bastrop. Established in 1997. Voted Best of Bastrop 2019 Overall Restaurant, Breakfast, Dessert and Home Cooking. Current owner 10 years. Owner retiring. Real estate and/or business for sale. Possible owner finance. Recently added adjacent 1,000 SF now 3,041 SF on two tracts. Not in flood zone. Over $40M in unmet restaurant and bar local demand in County. Growth rate nearly identical to Austin with much higher property value trends, higher % $500K net worth, lower crime. 1 MI or less from Buc-ee’s, TX 71 or TX 21.
Property Details
Measurements
- Acres:0.1
- Square Feet:3041
Construction Details
Type & Style
- Property type:Commercial
Condition
- Built in:1927
- Year built:1927
Community and Neighborhood Details
Location
- School district:Bastrop ISD
- Elementary School:Cedar Creek Elementary
- Middle School:Bastrop Middle School
- High School:Bastrop High School
Other
Source
- MLS #:391082
Location
Legal
Notice: This listing provided courtesy of Central Texas Multiple Listing Service (CTMLS). The information contained in this listings has not been verified by us or the MLS and should be verified by the buyer.
Last Updated: . Source: CTMLS
Listing Courtesy
Agent: Diane Alexander (#0574877)
Office: Southwest Partners (#W798000701)
Jeremy FayReal Estate Agent
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