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… Read More 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! Read Less
Property listed by Land Unlimited 512-729-7139 (512) 657-3099
Listing Snapshot
Days Online
115
Last Updated
Property Type
SingleFamilyResidence
Beds
3
Full Baths
2
Square Ft.
1,440
Lot Size
0.71 Acres
Year Built
1988
MLS Number
7698192
Additional Details
Building
Built in 1988, Stories: 1, 1,440 sqft living area, Brick, One
Accessibility Features
Visitor Bathroom
Exterior Features
Private Entrance, Private Yard
Fence
Fenced, Full
Fireplaces
1 fireplace, Living Room, Stone
Floors
Carpet, Concrete, Tile
Foundation
Slab
Garage
2 garage spaces
Heating
Central
Interior Features
Main Level Primary, Soaking Tub
Laundry
Laundry Room, Electric Dryer Hookup
Lot
0.715 acres, Area: 0.715, Back Yard, Level, Private, Few Trees
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