16082 E State Highway 29 - Restaurant FOR SALE


Buchanan Dam, TX 78609
$895,000 USD
512-720-1454
16082 E State Highway 29, Buchanan Dam, TX for Sale
$895,000 USD
Restaurant - FOR SALE
1/21
null | 22.23% Cap Rate

16082 E State Highway 29
Buchanan Dam, TX 78609


HIGHLIGHTS

  • Fully Operational Restaurant in the Heart of the Hill Country
  • Loyal Customer Base and Growing Revenue
  • Large Covered Outdoor Patio Serving Beer and Wine

OVERVIEW

Unique opportunity to purchase a thriving restaurant in the heart of the Highland Lakes area! Amazing location on Highway 29 and just down the street from Lake Buchanan and Inks Lake, this restaurant has a loyal customer base and revenue is increasing every year. This turnkey sale includes the real estate, business, inventory, furniture, and fixtures. The restaurant comfortably seats 75 and the owners recently added a covered patio with bar and tv. This is one of the closest restaurants to Inks Lake State Park, which is in the top 10 most visited parks in Texas with 232,690 visitors in 2022, helping maintain a steady flow of patrons. The property itself consist of over1.3 acres, allowing for plenty of parking in the paved parking lot and room for building expansion if desired. In addition to the main building, there is a large storage and office building located at the back of the property along with an RV spot that can be utilized by the owners or for employee housing. The restaurant is fully staffed and utilizes a digital point of sale system to keep everything flowing efficiently. Owners are willing to help train the new owners if desired. This is an amazing business in a quickly growing area of the Texas Hill Country, don't miss this opportunity! Financials are available to qualified buyers.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$385 USD /SF

CAP RATE

22.23%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Dam Grill

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

Commercial

APN/PARCEL ID

6672

ASK ABOUT THIS PROPERTY

Andrew VirdellLandmasters Real EstateMore Info
512-720-1454

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Andrew VirdellLandmasters Real EstateMore Info
512-720-1454

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