905 Main Street, Bastrop

$878,000

0 Beds
0 Baths
3,041 Sqft
.1 Acres
0 Garages

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 Café 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.

Essential Information
MLS® #391082
Price$878,000
Bathrooms0.00
Square Footage3,041
Acres0.10
Year Built1927
TypeCommercial Sale
Sub-TypeCommercial
StatusActive
Community Information
Address905 Main Street
CityBastrop
CountyBastrop
StateTexas
Zip Code78602
Amenities
AmenitiesOther, See Remarks
UtilitiesCable Available
FeaturesOther, Curbs
ParkingNone
ViewNone
Interior
InteriorConcrete
HeatingCentral, Electric
CoolingCentral Air
# of Stories1
StoriesOne
Exterior
RoofMetal
ConstructionRock, Stone Veneer
FoundationSlab
School Information
DistrictBastrop ISD
ElementaryCedar Creek Elementary
MiddleBastrop Middle School
HighBastrop High School
Additional Information
ZoningC-1
Listing Details
OfficeSouthwest Partners
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