REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

L3 Property Group

l3team@luxelandlifestyle.com +1(817) 556-1153

$ 1,500,000

Est. payment -/mo

Save Virtual Tour

New

701 N Martin Luther King Jr HWY Mexia, TX 76667

7,000 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 7,000 sqft

Subdivision Evans N Hwy 14 Add

MLS Listing ID 21417819

Construction Status Resale

HOA Y/N No

Year Built 1982

Annual Tax Amount $3,917

Lot Size 2.690 Acres

Acres 2.69

Property Sub-Type Business

Property Description

ICONIC BAR & RESTAURANT FOR SALE - FULL TURN KEY OPERATION PLUS ADDITIONAL FULL SIZED RESTAURANT READY FOR NEW OWNER!! This beloved local watering hole has thrived for decades with a loyal Client base. The Falcon Club presents an exciting commercial investment opportunity in the growing community of Mexia, Texas. This established local gathering place has a loyal customer base and offers tremendous potential for continued operations, expansion, and additional income opportunities. During COVID, the current owner began construction of a covered outdoor patio designed to accommodate live music, entertainment, and a designated smoking area, allowing the interior to remain smoke-free and creating a more inviting atmosphere for expanded food service. One of the property's most attractive features is its fully functional commercial kitchen, which is shared with the adjoining vacant restaurant space. A new owner could capitalize on this unique arrangement by leasing the approximately 4,650-square-foot restaurant space to a separate operator while continuing to operate The Falcon Club independently, creating the potential for multiple income streams while preserving the established bar business and its loyal clientele. Strategically located on Highway 14 near the major intersection of Highways 84 and 14 and 171, the property is positioned to benefit from Mexia's anticipated commercial and industrial growth. Nearby developments include upcoming Zippy J's Community Store featuring a gas and convenience store, new industrial businesses in the Mexia ECD Industrial Park employing 1200+ people by year 2032, and TxDOT's planned expansion of Highway 84. New developments have the potential to bring additional business activity, employment opportunities, and increased traffic to the area and this versatile property offers an excellent location and opportunity to establish or expand your business in the heart of Central Texas.

Location

State TX

County Limestone

Zoning Commercial

Direction From Mexia travel West on Hwy 84 towards Waco at red light turn North (right) on Hwy 14 towards Wortham property is on your left past Bluebonnet Street and across from King's Quarters Inn

Interior

Heating Central, Electric

Cooling Central Air, Ceiling Fan(s), Electric

Flooring Carpet, Concrete, Tile, Wood

Inclusions Business, Furniture, Inventory, Land & Improvements, Other

Fireplace No

Exterior

Parking Features Asphalt, Common, On Site, Parking Lot

Utilities Available Cable Available, Electricity Connected, Natural Gas Available, Sewer Available, Separate Meters, Water Available

Water Access Desc Public

Roof Type Metal

Street Surface Asphalt

Accessibility Accessible Doors

Road Frontage Highway

Private Pool No

Building

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

Construction Status Resale

Others

Tax ID R19342

Security Features Security System,Fire Alarm,Security Lights

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21417819

North Texas Real Estate Info Systems (NTREIS) / WACO Association of Realtors

Listed by Mitzi Eves • Coldwell Banker Apex, REALTORS

L3 Property Group

+1(817) 556-1153

GET MORE INFORMATION

QUICK SEARCH

L3 Property Group

701 N Martin Luther King Jr HWY Mexia, TX 76667

Key Details

Location

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

701 N Martin Luther King Jr HWY