Price Reduced Listing
$789,000
 $4,236 est/mo Sourced by Back At You

375 Mesa Drive , Del Valle, TX 78617

Del Valle, TX 78617

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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!

Details

MLS#569737
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1988
Days On Site62
Listing Provided ByLand Unlimited | Chelsea Robinson

Features

Bed(s)3
Bath(s) 3 Total
SQ Feet1,440
Garage2
Car PortYes
PoolYes
Story(s)1
Acreage0.72
Property ViewNone

Market Activity 78617

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Four Rivers Association of Realtors/ Central Texas MLS

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Listings Checked: 54 seconds ago
StateTX
CountyBastrop
CityDel Valle
Zip Code78617
Community NameThe Ranch
School DistrictBastrop ISD
Elementary SchoolBastrop ISD
Middle SchoolBastrop ISD
High SchoolBastrop ISD
Listing VS Median (In The Ranch)
Price:
$789,000
low | high
Med:
$789,000
50% of Average
SqFt:
1,440
low | high
Med:
1,644
35.833333333333% of Average
$ / SqFt:
$548
low | high
Med:
$487
61.038961038961% of Average
On site:
62
low | high
Med:
62.000000
100% of Average
Sourced by Back At You
Listing Updated: April 14, 2025 at 12:35:15 PM PDT