Active
Newly Finished Restaurant with Real Estate for Sale
bigInk Commercial Real Estate and Texas Restaurant Advisors require a signed NDA before additional information will be disclosed about the property.
A restaurant and bar with real estate is now available on a historic hard corner in the heart of a high traffic, central business district in Rockwall County. The area of this property is a total of 13,803-sf with a 4,192-sf metal Quonset, a 1,200-sf covered pavilion, additional open-air seating adjacent to the pavilion with picnic tables, highboy cocktail tables and stage.
Turnkey FF&E is included in the asking price. The sellers invested over $466,000 in the FF&E and other enhancements in 2022, everything is lightly used. Replacement cost of the building based on a recent SBA appraisal and cash invested is over $3 million. Property facts below:
Sale Type - Owner User
Property Type - Retail
Property Subtype - Restaurant
Property/Building Size – 13,803 sf with 4,192 sf covered Quonset / 1,200 sf covered patio/additional open air patio
Building Class - A
Year Built – renovated 2021, opened for business in 2022.
Tenancy - Single
Building Height - 1 Story
Land Acres - 0.386 AC
Zoning- GR - Restaurant
Frontage – frontage on a main street intersection
Parking - over 100 spots at nearby City owned parking lot. There is additional street parking along with parking at City Hall across the street from the property.
Listed By: Aaron Evans
Background information
Reference:
TR1060
Year established:
2022
Reason selling:
Other Business Interests
Operations
Equipment:
Included in asking price $466,000
Furniture fixtures and equipment:
Turnkey
Premises
Facility:
4,192 square foot quonset/kitchen/bar/storage space and a 1,200 square foot covered patio. Includes heating towers, picnic style tables, complete kitchen, stage, audio and more. Construction was completed in late 2021 and the business opened in 2022.
Square footage:
13,803
Location:
Rockwall County, TX
Opportunities
Market:
There is the opportunity to purchase the package outright and convert the business or keep the concept and bring in a strong operations team. The sellers are open to selling equity or even bringing on a tenant. Rockwall County is the most affluent county in Texas and this particular area has and will continue to grow. Market Demographics: 2021 Population – 15,569 2025 Projected – 20,367 2021 Density: 909.59 per square mile 2025 Density – 1,189 per square mile Median Age: 33 Average Household Income: $101,680
Price and terms
Price:
Undisclosed