1540 Satterwhite Rd - Specialty FOR SALE


Buda, TX 78610
$2,500,000 USD
512-537-3399
1540 Satterwhite Rd, Buda, TX for Sale
$2,500,000 USD
Specialty - FOR SALE
1/88
null | Request Cap Rate

1540 Satterwhite Rd
Buda, TX 78610


OVERVIEW

Investment Opportunity in Buda, TX: A Versatile and Exciting Property for Large Events OVERVIEW Discover an exceptional investment opportunity in the thriving community of Buda, Texas. This versatile property spans 7.9 acres and offers a variety of amenities and potential for future growth, making it ideal for large events and unique vacation rentals. Located just a 31-minute drive from Austin-Bergstrom International Airport and directly across the road from the nearby Persimmon Project, which is expected to add over 2,000 new residences, this property is perfectly positioned to attract both local and visiting guests. KEY FEATURES Drive-In Theater Dual Movie Screens: The property features a drive-in theater with two movie screens, currently open to the public. This setup is also available for corporate and private events, wedding parties, and more, providing a nostalgic and entertaining experience for moviegoers. Operating Bar and Restaurant: The drive-in theater includes an operating bar and restaurant, enhancing the event experience with convenient food and beverage options. Guests can also enjoy some of the best public bathrooms in town. 500-Gallon Grease Trap: The bar and restaurant are equipped with a 500-gallon grease trap, ensuring efficient and environmentally friendly waste management. Vacation Rentals Themed Interiors: There are four waterside vacation rentals, each with individually themed interiors such as Hogwarts, Breakfast at Tiffany's, and Star Wars. These unique themes enhance the guest experience and appeal to a wide range of visitors. Fenced Yards: Each vacation rental comes with a fenced yard, ensuring privacy and comfort for guests and their pets. Expansion Potential: There is ample room to add four more vacation rentals, allowing for further growth and increased revenue potential. Convertible Containers: The containers used for the movie screens can be adapted into additional vacation rentals, offering a unique lodging experience. Mama Merlot's Underground Speakeasy Prohibition-Era Charm: Guests can travel back in time at Mama Merlot's, an underground speakeasy designed for private members. This exclusive venue offers a unique and immersive experience, perfect for private events and gatherings. PROPERTY SPECIFICATIONS Shipping Containers with Usable Space: Total Area: 1,500 square feet Features: Includes kitchen area, projector rooms, secret entry, and upstairs bar. Storage Space: Total Area: 1,800 square feet Description: Comprises three empty shipping containers used for the screens, currently utilized for storage. Tiny Homes: Total Area: Approximately 900 square feet (rough estimate between 860-900 square feet) Quantity: 3 tiny homes Underground Area: Dimensions: 40 x 40 feet Total Area: 1,600 square feet Upstairs Storage Area: Total Area: Rough estimate of 500 square feet Total Walled-in Space: 4,800 square feet Total Storage in Containers: 1,800 square feet ADDITIONAL DETAILS Parking: The property includes surface parking for 94 vehicles, accommodating a large number of guests and event attendees. Culvert and Creek: Built with 12" rebar-reinforced base with 8" rebar-reinforced sides and top deck, 6" concrete, and 1.5" curb concrete wings. This structure is much stronger than the recommended box culvert. The rest of the creek was tubed (metal tube) to handle a 100-year flood. Managed by Current Owner The drive-in theater, speakeasy, and vacation rentals are currently operated by the owner, ensuring a seamless transition for new investors.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$194 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

94

LAND DETAILS

LAND ACRES

8.13 AC

LAND SF

354,214 SF

ZONING

-

APN/PARCEL ID

R12791

ASK ABOUT THIS PROPERTY

Myria FreeRagland Realty and Management LLCMore Info
512-537-3399

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Myria FreeRagland Realty and Management LLCMore Info
512-537-3399

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