Seller Financing
Address
905 Main Street Bastrop, TX
Price
$ 878,000
Property Attributes
  • MLS#391082
  • TypeCommercial
  • CountyBASTROP
  • CityBastrop
  • Zip78602
  • StyleCommercial
  • Price$ 878,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3041
  • Lot Size4,356 SqFt
Listing Provided Courtesy Of:
Southwest Partners
Data Source:
Central Texas MLS | Four Rivers Association of RE
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 with much higher property value trends, higher % $500K net worth, lower crime. 1 MI or less from Buc-ee's, TX 71 or TX 21.

Elementary School Middle School High School
Cedar Creek Elementary Bastrop Middle School Bastrop High School
Price History
10/2/2019 Listed $878,000

General Features

Accessibility None
Appliances Electric Water Heater
Association Amenities Other, See Remarks
Building Name Maxine's Cafe
Community Features Other, See Remarks, Curbs
Construction Materials Stone Veneer
Cooling Central Air
Current Use Restaurant
Elementary School Cedar Creek Elementary
Elementary School District Bastrop ISD
Flooring Concrete
Heating Central, Electric
High School Bastrop High School
High School District Bastrop ISD
Levels One
Middle/Junior High School Bastrop Middle School
Middle/Junior School District Bastrop ISD
Parking Features None
Possible Use Restaurant
Property SubType Commercial
Property Type Commercial Sale
Roof Metal
Sewer Public Sewer
Stories 1
Utilities Cable Available
View None
Water Body Name None
Zoning C-1

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Living Area 3041

Exterior Features

Foundation Details Slab
Lot Size Acres 0.1
Lot Size Area 0.1
Road Frontage Type City Street
Road Surface Type Concrete
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 78602

Price
AVG $670K
$880K
Visits
AVG 44
70
Year Built
AVG 1950
1927
Walkscore
AVG 39
66
Data Provided by Walkscore ® not using MLS data

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