113 N Main St, Muenster, TX 76252

$950,000
4,925
SqFt

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List Price
$950,000
MLS#
21357431
Status
ACTIVE
Type
Commercial
Subtype
CommercialSale
Year Built
1920
Construction Status
Preowned
Living Area
4,925
County
Cooke
City
Muenster
Subdivision
Muenster

Property Description

Rare opportunity to own a stable and profitable mixed-use property in the North Texas Hill & Wine County that could also serve as your private residence! Fully stabilized mixed-use property with long-term commercial lease in place (May 2028) Fully automated operational systems for short-term rental will transfer to new owner Dependable cashflow in an affluent submarket Premier location next to current & future development lends itself to significant near-term value appreciation •Brewery-Bar •Hospitality - Restaurant •Historic Character Phase I focused on converting second floor into a short-term rental (STR) loft Installing master suite (tying into existing plumbing lines from current bathrooms) Full 2nd bath Kitchen Laundry hookups for washer & dryer Murphy bed & foldable futon-sofa Phase II focused on cosmetic updates to biergarten and restaurant area. Installing new décor and furnishings to modernize the feel of the space Addressing any insulation issues due to previous work on biergarten enclosure Updating plumbing and electric Installing new mini-split Rehab to restaurant included: Updating plumbing and electric, as needed (especially kitchen) Adding security doors and electronic locks to separate venue, restaurant, and STR spaces Entire gut of upstairs Loft & replacing with modern amenities and full furnishing. Original rafters, hardwood floors, and windows remain (2022) Renovation of Commercial Space & Biergarten (2022-2024) New sprinkler system throughout building, monitored (2023) New fire escape on outside of building (2023) New security doors for commercial space (2023) New cooling unit on kitchen walk-in cooler (2023) New motor and belts in vent-a-hood system (2024) New 3-ton mini-split in Biergarten (2024) Electrical upgrade to fire suppression system in kitchen (2025) New 5-ton Trane 3 phase split system, additional 2-ton mini-split (2025)

Additional Information

Unexempt Taxes
$6,065
Tenant Pays
AllUtilities
Lot Size
304
Acres
0.007
Lot Description
Irregular Lot, No Backyard Grass, Other
Flooring
Combination, Concrete, Tile, Wood
Foundation
Slab
Roof
Metal, Mixed
Building Stories
2
Parking Garage
Common, Paved
Possession
Negotiable
Proposed Use
Hotel/Motel, Other, Restaurant
Inclusions
Building Only, Other
Community Features
Curbs, Sidewalks

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Steve Nasche from Steve Nasche, Broker. Contact:

Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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