905 Bastrop Main Street, Bastrop Property Listing: MLS® #14191760

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 Cafe 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. 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 percent 500K net worth, lower crime. 1 MI or less from Buc-ee’s, TX 71 or TX 21.

905 Bastrop Main Street, Bastrop Property Listing: MLS® #14191760 Close
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  • Price$878,000
  • Acres0.10
  • Built1927

905 Bastrop Main Street, Bastrop

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 Cafe 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. 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 percent 500K net worth, lower crime. 1 MI or less from Buc-ee’s, TX 71 or TX 21.

Essential Information

  • MLS® #14191760
  • Price$878,000
  • Bathrooms0.00
  • Acres0.10
  • Year Built1927
  • TypeCommercial
  • Sub-TypeSale
  • StatusActive

Amenities

  • UtilitiesCity Sewer, City Water, Concrete, Curbs
  • FeaturesSingle User, Cooler/Freezer, Fire Alarm, Security Lighting, Security System
  • GaragesOn Street

Exterior

  • RoofMetal
  • ConstructionRock/ Stone
  • FoundationSlab

Listing Details

  • Listing AgentDiane Alexander
  • Listing OfficeSouthwest Partners Global International Realty

Community Information

  • Address905 Bastrop Main Street
  • AreaSOUTH OF SERVICE AREA (700)
  • SubdivisionBUILDING BLOCK 4 W
  • CityBastrop
  • CountyBastrop
  • StateTX
  • Zip Code78604

Interior

  • HeatingCentral Air-Elec, Central Heat-Elec
  • # of Stories1
  • Stories1

Additional Information

  • ZoningC-1
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Listing information last updated on October 22nd, 2019 at 12:30am CDT.