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$789,000

Est. payment - /mo

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3 Beds

2 Baths

1,440 SqFt

Active

375 Mesa DR Del Valle, TX 78617

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Jeremy Smith

jeremy@homesmithatx.com +1(512) 797-7738

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,440 sqft

Price per Sqft $547

Subdivision The Ranch

MLS Listing ID 7698192

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1988

Annual Tax Amount $4,294

Tax Year 2024

Lot Size 0.715 Acres

Acres 0.715

Property Sub-Type Single Family Residence

Source actris

Property Description

Multi-generational income producing investment opportunity near Austin! Gary's Grill established in 1994 has been a long-standing hot spot for the locals and tourists alike. Residing less than 5 miles away from Circuit of the Americas and only 11 miles from the Austin Airport makes this the ideal location. This property has the potential for an 18.5% cap rate!! Circuit of Americas has an amusement park said to be finished October of this year to really add to the business and vacancy potential you have with both a 3bed 2 bath home and a studio home. Gary's Grill has two full kitchens with multiple prep and storage areas to help cater to high volumes of business. The fenced in parking lot has the potential to hold upward of 15 cars at a time. Walking in you will order at the front counter inside and can take your order togo or have a seat in the dining area equipped with a fireplace for additional warmth and atmosphere during the colder months. All equipment in the restaurant will be staying with the property except for a smoker out front. Currently only open 5 hours a day- imagine the potential! This really is a turnkey property! The single-family home is a 3-bedroom 2 bath with an added office space in the master bedroom. This extremely well-maintained brick home offers a spacious floor plan with tile throughout most of the house, a wood burning fireplace and a large private backyard featuring multiple peach trees! Next to the main home you will find a large barn/workshop with sliding doors for additional private parking and storage! The separate studio guest home has its own covered parking and a pool in its backyard to enjoy in the warmer months. Overall, this property has so much to offer and is waiting for you to come find your next investment!

Location

State TX

County Bastrop

Area Bw

Rooms

Main Level Bedrooms 3

Interior

Interior Features Primary Bedroom on Main, Soaking Tub

Heating Central

Cooling Central Air

Flooring Carpet, Concrete, Tile

Fireplaces Number 1

Fireplaces Type Living Room, Stone

Fireplace Y

Appliance Microwave, Electric Oven, Refrigerator, Vented Exhaust Fan

Exterior

Exterior Feature Private Entrance, Private Yard, See Remarks

Garage Spaces 2.0

Fence Fenced, Full

Pool Above Ground, Pool Cover

Community Features None

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Waterfront Description None

View Neighborhood, Trees/Woods, See Remarks

Roof Type Metal,Mixed,Shingle

Accessibility Visitor Bathroom

Porch Covered, Rear Porch

Total Parking Spaces 15

Private Pool Yes

Building

Lot Description Back Yard, Few Trees, Level, Private

Faces West

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Brick

New Construction No

Schools

Elementary Schools Cedar Creek

Middle Schools Cedar Creek Intermediate

High Schools Cedar Creek

School District Bastrop Isd

Others

Restrictions None

Ownership Fee-Simple

Acceptable Financing Cash, Conventional, Owner May Carry

Tax Rate 1.5502

Listing Terms Cash, Conventional, Owner May Carry

Special Listing Condition Standard

Listed by Land Unlimited • Chelsea Robinson

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Jeremy Smith

Owner/Broker | License ID: 510081

+1(512) 797-7738

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375 Mesa DR Del Valle, TX 78617

Jeremy Smith

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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375 Mesa DR