Bastrop, TX 78602,1177 Highway 304

$4,500,000

Est. payment /mo
Est.Price: ?

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1177 Highway 304 Bastrop, TX 78602

105,000 SqFt

SOLD DATE : 09/25/2023

Key Details

Property Type Commercial

Sub Type Business

Listing Status Sold

Purchase Type For Sale

Square Footage 105,000 sqft

Price per Sqft $39

Subdivision Jenkins, Edward

MLS Listing ID 1665857

Sold Date 09/25/23

Originating Board actris

Year Built 2021

Tax Year 2022

Lot Size 20.006 Acres

Property Description

Located in Bastrop, TX, The East 40 is a unique multi-faceted, income generating opportunity providing an immense amount of upside for the next owner. Sitting on 20+ acres of land, the property consists mostly of new construction completed in 2022. Featuring 122 individual booths (w/ electricity and locking, roll up doors) in an open-air market, 8 commercial kitchens, 5 walk-in coolers, 2 food trailers, a state-of-the art music venue and dance hall, a sports bar, outdoor beer garden and more, The East 40 has become the place to go for family-fun and entertainment in Bastrop, Texas. Located only 30 minutes from Austin Bergstrom International Airport and 45 minutes from Downtown Austin, this entertainment venue is well located to capture crowds from many surrounding areas. Situated on an abundance of land, parking is easy and can accommodate large-scale personal or commercial events. The current owners have provided an amazing footprint for the next owner to expand the offerings and create significant additional revenue. Corporate events, weddings, holiday bookings are just some of the ideas that have yet to be implemented in this approx. 6 month old business. The East 40 is a special opportunity for a buyer with vision to expand and grow the multiple streams of revenue in this very young business.

Location

State TX

County Bastrop

Interior

Heating Central

Cooling Ceiling Fan(s), Central Air

Flooring Concrete

Fireplace N

Exterior

Utilities Available Cable Available, Electricity Connected, High Speed Internet, Water Connected

Accessibility Accessible Full Bath

Total Parking Spaces 1500

Building

Sewer Aerobic Septic

Water Public

Structure Type Concrete, Metal Siding

New Construction No

Others

Restrictions City Restrictions

Acceptable Financing Cash, Conventional

Tax Rate 1.74025

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by eXp Realty, LLC
Bought with KW-Austin Portfolio RealEstate

Teresa Miller

Agent | License ID: 617850

+1(512) 550-5698

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