23473 FM 39 Iola, TX ^$ 495,000

23473 FM 39

^$ 495,000

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23473 FM 39

Iola, TX, 77861

^$ 495,000

Bedrooms-- Baths-- Sq 3,400

Monthly Estimate*

^$ 3,048

Commercial Property for sale in Iola, TX

for $495,000. This building is 3,400 square feet.

This newly renovated, single-tenant restaurant property is leased to Agave Azul, a popular Mexican restaurant with a strong local following. The tenant has approximately three years remaining on an absolute net lease, with no Landlord responsibilities. The owner and operator of Agave Azul has extensive experience with restaurant management, and was the general manager of Juan and Linda’s in Anderson, TX for many years. With a great local following and limited competition in the area, Agave Azul is primed for success, and presents a management free, high yield commercial real estate investment opportunity.

Commercial Active

Price

^$ 495,000

Property Type

Commercial

Taxes

^$ 0

Style

Town/City

Iola

County/Region

Grimes

MLS | Web ID

25005581

Features

General

Roof Metal

Property Subtype Retail

County Grimes

Property Type Commercial Sale

Status Active

Directions Corner of FM 39 and Main Street in Iola

City Iola

High School District Iola

MLS Area Grimes

Lot Size Units Acres

Lot Size Square Feet 24394

Leasable Area 0

Lease Considered Y/N false

Standard Status Active

Occupancy Type Tenant

Middle/Junior School District Iola

Elementary School District Iola

Property Sub Type Additional Retail

Legal Description Tract 20 Tract 33 and Tract 34 out of the Joseph Baird Survey A-118 .56 Acres

Exterior

Building Area Total 3400

Lot Size Source Public Records

* Excluded Features

List By

Clinton Oldham

Listing Agent

Oldham Goodwin Group, Llc

Broker

clint@oldhamgoodwin.com

Affordability Calculator

$3,048

Per Month

Monthly Principal & Interest: $3,048
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Iola, TX

Average List Price ^$495,000

Percent of Sale Price 0%

About Iola, TX

416 Population

37% Since 2002

^$55,000 Median Income

40.92 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4115634 Elementary School

4115632 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/17/2025	$495,000	-13.91%	Price Down
8/26/2025	$575,000		Listed Price

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23473 FM 39, Iola, TX, 77861 is a Commercial Property for sale at $495,000 with 3,400 sqft. The property's zip code is 77861 which is in Iola, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the B-CS Regional Multiple Listing Service®.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the B-CS Regional Multiple Listing Service®. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 1/14/2026.

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23473 FM 39

Commercial Property for sale in Iola, TX

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