701 N MARTIN LUTHER KING JR HIGHWAY, MEXIA, TX 76667
Homes for sale in Mexia.
Homes for sale in 76667.
701 N Martin Luther King Jr Highway
Mexia, TX 76667
List Price$1,500,000
Listing #20538563
About This Property
ICONIC BAR & RESTAURANT FOR SALE - FULL TURN KEY OPERATION PLUS ADDITIONAL FULL SIZED RESTAURANT READY FOR NEW OWNER!! This beloved local watering hole has thrived for decades with a loyal Client base. During COVID the current Owner began building an outdoor covered patio to create extra space for Live Music and an area for smokers to gather leaving the interior smoke free and a more pleasant atmosphere for his expansion into food service. The Falcon Club shares a fully functional Kitchen space with the vacant restaurant next door. The new Owner could lease the vacant Restaurant side with 4650 sf and operate the Bar separately. Keeping The Falcon Club open will keep the loyal Client base very happy. Mexia has new Commercial growth recently. Seller will divide up the property: Restaurant with equipment $550,000 or land $350,000 or Bar. This Listed property is on Hwy 14 near the major intersection of Hwy 84 and Hwy 14 where there will be a new Gas & Convenience Station under construction soon, new Manuf Comp coming soon in Mexia EDC Industrial Park and TxDOT is expanding Hwy 84.
Property Features
Location Information
County
Limestone
Subdivision
Evans N Hwy 14 Add
Interior Features
Has Fireplace
No
Tenant Pays
Other
Heating
Central, Electric
Total Number of Units
2
Cooling
Central Air, Ceiling Fan(s), Electric
Accessibility
Accessible Doors
Floors
Carpet, Concrete, Tile, Wood
Exterior Features
Construction
Brick, Metal Siding, Stone Veneer
Lot Size in Acres
2.69
Foundation
Slab
Lot Size in Sq. Ft.
117,176
Roof
Metal
Possible Best Use
Food Service, Other, Restau
Water / Sewer
Cable Available, Electricity Connected, Natural Gas Available, Sewer Available, Separate Meters, Water Available
Zoning
Commercial
Utilities
Cable Available, Electricity Connected, Natural Gas Available, Sewer Available, Separate Meters, Water Available
Building Total Area (Sq. Ft.)
7,000
Security System
Security System, Fire Alarm, Security Lights
Road Description
Highway, Asphalt
Parking Description
Asphalt, Common, On Site, Parking Lot
Is One Story
No
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
COM
Tax Annual Amount
3917.0
Property SubType
Business
Exclusions
ALL LIQUOR IS EXCLUDED PER TABC RULES; for more Exclusions see Private Remarks
Year Built
1982
Lot Acres Source
Public Records
Similar Listings
Mortgage Calculator
$7,005
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$5,405
Monthly Tax
$1,250
Monthly Insurance
$350
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Listing courtesy of
Mitzi Eves, Coldwell Banker Realty
© 2025 North Texas Real Estate Information Systems. All rights reserved.
We do not independently verify the currency, completeness, accuracy or authenticity of the data contained herein. The data may be subject to transcription and transmission errors. Accordingly, the data is provided on an "as is, as available" basis only.
NTREIS - North Texas data last updated at November 18, 2025, 6:25 PM CT
Real Estate IDX Powered by iHomefinder