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905 E Main St Bastrop TX

$878,000

Property Details

  • Price:$878,000
  • Listing Id:78761
  • County:Bastrop
  • Address:Main St
  • City:Bastrop
  • State:TX
  • Zip:78602
  • Status:Available
  • Type:Commercial

Property 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 Caf 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.

Primary Features

  • Construction:Historic Rock
  • County:Bastrop
  • Foundation:Slab
  • Parking:Off-Site Parking
  • Property Type:Commercial Sale
  • Sale Includes:Business, Building, & Land
  • Zoning:C-1

Additional

  • Approximate SqFt:Retail Over 3000 SqFt
  • Approximate Tract Size/Acreage:0.1
  • Current Use:Restaurant
  • Estimated Year Built:1900-1929
  • Source SqFt:Appr Dist
  • Topography:Level
  • Type of Property:Restaurant

External Features

  • Fence:None
    • Roof:Standing Seam

    Interior Features

    • Heating/A/C:Central Electric A/C,Central Electric Heat
      • Utilities:City Electric

      Financial Details

      • Seller's Estimated Tax:12533.00

        Main St Bastrop TX 78602





        The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Central Hill Country Board of REALTORS® Multiple Listing Service (CHCBRMLS). The CHCBR IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information herein is deemed reliable but not guaranteed, representations are approximate, individual verifications are recommended. Copyright 2020 Central Hill Country Board of REALTORS®. All rights reserved.