7469 S US Highway 79 - Restaurant FOR SALE


Palestine, TX 75801
$550,000 USD
903-876-5253
7469 S US Highway 79, Palestine, TX for Sale
$550,000 USD
Restaurant - FOR SALE
1/2
null | Request Cap Rate

7469 S US Highway 79
Palestine, TX 75801


HIGHLIGHTS

  • Heavy vehicle traffic
  • Existing Restaurant Building
  • 3282 sq ft on 1.71 acres
  • Ample paved parking
  • Freestanding in Good Condition

OVERVIEW

SHOWING BY APPOINTMENT ONLY. LISTING AGENT MUST BE PRESENT. Located along US Hwy 79 in Palestine, TX, this partially furnished 3282 sq ft restaurant, once known as Lafitte's Cajun Café, is a gem awaiting a new proprietor. The location is fantastic. Its vibrant setting provides a canvas that can be artfully arranged in various configurations. Imagine the possibilities: an area for live music, pool tables for entertainment, a bar where stories are shared and memories made, and multiple seating areas that cater to diverse preferences. The ambiance is versatile, adapting to the mood you wish to create. Whether you envision an intimate dinner setting, a lively spot for social gatherings, or a combination of both. This property boasts practical features.: Two walk-in freezers that will provide ample food storage and an office area that is seamlessly integrated, offering a designated space for administrative tasks allowing you to efficiently manage operations. Additionally, ample parking spaces surround the property, ensuring that accessibility is never a concern for your patrons. The property is being sold as is. This provides a unique opportunity for an enterprising individual or your team to bring their vision to life. While the restaurant is partially furnished and equipped, there may be a need for repairs or adjustments to meet current codes; therefore, any necessary repairs or updates will be the responsibility of the buyer. The bones of Lafitte's Cajun Café stand strong, infused with the memories and flavors of the past. It's a place where the spirit of celebration lingers in the air. Take a moment to picture the possibilities: • The band setting up for a night of live performances. • The anticipation before a game of pool, and the hum of conversations echoing across the various seating areas. • The Bar, a centerpiece and hub of social activity where tales are spun, and friendships are forged. The potential is palpable, and it is ready for you to embrace the opportunity to make this restaurant your own, infusing it with your unique flair and culinary passion. In conclusion, this restaurant, on a vibrant road, is a rare opportunity to step into a space with a rich history and shape its future. The potential is boundless.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$168 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Restaurant & Cafe

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.71 AC

LAND SF

74,488 SF

ZONING

Highway Commercial

APN/PARCEL ID

0041970

ASK ABOUT THIS PROPERTY

Steve DemuthStaples Commercial Group, LLCMore Info
903-876-5253

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

Steve DemuthStaples Commercial Group, LLCMore Info
903-876-5253

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