905 Main Street

Bastrop, TX 78602
$878,000
Pending | 3041 sqft

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

Jeremy FayReal Estate Agent
  • Request Info
  • Schedule Showing

Interested in Purchasing 905 Main Street?

Get an estimate on monthly payments on this property.

Note: The results shown are estimates only and do not necessarily include accurate taxes or homeowner's insurance.

$100
Monthly Payment