119 N Main St - Hospitality FOR SALE


Jacksboro, TX 76458
$1,675,000 USD
888-940-3343
119 N Main St, Jacksboro, TX for Sale
$1,675,000 USD
Hospitality - FOR SALE
1/45
null | 14.93% Cap Rate

119 N Main St
Jacksboro, TX 76458


HIGHLIGHTS

  • Tremendous upside potential, generating over $1.25mm
  • Located near intersection of two US Highways - 281 and 380
  • Walking distance to shops and downtown area
  • Restaurant-Bar, 5 Beautiful Airbnb Rooms, Starbucks Coffee Shop, and a Spacious Outdoor Courtyard to Host Weddings and Special Events. Unique Business

OVERVIEW

Restaurant-Bar, 5 Beautiful Bed and Breakfast Rooms, Starbucks Coffee Shop, and a Spacious Outdoor Courtyard to Host Weddings and Special Events. REAL ESTATE INVESTORS WE A GREAT OPERATOR READY TO LEASE Unique business opportunity with huge upside potential. This very profitable business is being offered for the real estate value. There are several profit centers in this great business model: Restaurant-Bar, 5 Beautiful Bed and Breakfast Rooms, Starbucks Coffee Shop, and a Spacious Outdoor Courtyard to Host Weddings and Special Events. This historic architectural masterpiece has been extensively remodeled in 2012 to elevate her grandeur. In 2018, the owners invested another $200,000 to remodel the kitchen. Located on Hwy 281 with great traffic counts and fantastic exposure. JR's Chop House and Airbnb is a very popular destination with great reviews. This is a turnkey operation. The seller will work together with the new purchaser to accommodate the transition, ensuring there is no downtime of the operation after acquisition. This is a fully operational, active business, and all inquiries and showings must go through the listing broker and must attend all showings.

FOR SALE DETAILS

PRICE

$1,675,000 USD

PRICE/SF

$95 USD /SF

# OF ROOMS

5

PRICE/ROOM

$335,000 {currency}

CAP RATE

14.93%

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

JR's Chophouse

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Bar, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1889

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

CBD

APN/PARCEL ID

11001-02001-00101-000000

ASK ABOUT THIS PROPERTY

Joey EdgeEdge Real EstateMore Info
888-940-3343

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Joey EdgeEdge Real EstateMore Info
888-940-3343

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.