Remarks

This amazing and well-preserved historical property is in Downtown Brownwood, a regional hub in the literal heart of Texas that is experiencing a revival of public and private property investment, redevelopment and entrepreneurship. This building was built c.1876 and has amazing character, and underwent extensive renovation in 2019 that brought it to its current use as restaurant & bar. New roof & HVAC; ADA restrooms; restored brick & plaster walls; concrete & wood floors; commercial kitchen; outdoor patio with stage. Approx. 14,000 SF ea. floor; 1st has 4,000 SF of retail area split into 2 rooms; 500 SF office area; and remainder warehouse storage. Approx. 40 car parking area + street pkg. Property currently leased to Wild Duck Sports Bar approx. $40K annual NOI. The historic Brownwood Hotel across Baker St is currently undergoing renovations to restore it to former glory with a proj. opening in next couple of years. This is your chance to claim your investment in small town Texas!

Details

MLS#: 20577005
Price: $750,000

Style: Retail
Year Built: 1876

County: Brown
Subdivision: Rankin