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375 Mesa Drive, Del Valle, TX 78617

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For Sale

$788,000

3 beds • 2 baths • 1 half baths • 1,440 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $547.22
    Price per square foot

  • 31-40 Years Old
    Age

  • Fireplace
    Fireplace

Explore this Property

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!
MLS# 569737

Courtesy Of Land Unlimited

(512) 729-7139

Property Features

  • Age
    31-40 Years Old
  • Amenities
    Porch, Ceiling Fan
  • Appliances
    Microwave, Range, Refrigerator
  • Architecture Style
    New Traditional
  • Exterior Type
    Brick, Brick Veneer
  • Fireplace
    Fireplace
  • Floor Covering
    Carpet, Concrete, Tile
  • Lot Size
    0.71 Acres

Map and Directions

Directions to 375 Mesa Drive, Del Valle, TX 78617

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.