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701 N Martin Luther King Jr Highway Mexia, TX $ 1,500,000
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$ 1,500,000 Get more info
701 N Martin Luther King Jr Highway
$ 1,500,000
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701 N Martin Luther King Jr Highway

Mexia, TX, 76667
$ 1,500,000
Bedrooms-- Baths--

Monthly Estimate*

$ 10,360

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Commercial Property for sale in Mexia, TX

for $1,500,000. This building was built in 1982 on a lot size of 2.69.

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. The Falcon Club presents an exciting commercial investment opportunity in the growing community of Mexia, Texas. This established local gathering place has a loyal customer base and offers tremendous potential for continued operations, expansion, and additional income opportunities. During COVID, the current owner began construction of a covered outdoor patio designed to accommodate live music, entertainment, and a designated smoking area, allowing the interior to remain smoke-free and creating a more inviting atmosphere for expanded food service. One of the property's most attractive features is its fully functional commercial kitchen, which is shared with the adjoining vacant restaurant space. A new owner could capitalize on this unique arrangement by leasing the approximately 4,650-square-foot restaurant space to a separate operator while continuing to operate The Falcon Club independently, creating the potential for multiple income streams while preserving the established bar business and its loyal clientele. Strategically located on Highway 14 near the major intersection of Highways 84 and 14 and 171, the property is positioned to benefit from Mexia's anticipated commercial and industrial growth. Nearby developments include upcoming Zippy J's Community Store featuring a gas and convenience store, new industrial businesses in the Mexia ECD Industrial Park employing 1200+ people by year 2032, and TxDOT's planned expansion of Highway 84. New developments have the potential to bring additional business activity, employment opportunities, and increased traffic to the area and this versatile property offers an excellent location and opportunity to establish or expand your business in the heart of Central Texas.

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Commercial Active

Price

$ 1,500,000

Property Type

Commercial

Taxes

$ 3,917

Style

Business

Lot Size

2.69

Year Built

1982

Town/City

Mexia

County/Region

Limestone

MLS | Web ID

21417819
Features
General
Heating Central Electric
Cooling Ceiling Fan(s) Central Air Electric
Utilities Asphalt Cable Available City Sewer City Water Electricity Connected Individual Gas Meter
Ceiling Height 8 to10 Feet 11 to 14 Feet
Possession Closing/Funding
Roof Metal
Exclusions ALL LIQUOR IS EXCLUDED PER TABC RULES; for more Exclusions see Private Remarks
Year Built 1982
Business Type Bar/Tavern/Lounge Food & Beverage Restaurant Other
Business Name The Falcon
Property Subtype Business
Subdivision Name Evans N Hwy 14 Add
Accessibility Features Accessible Doors
Occupant Type Owner
County Limestone
Property Type Commercial Sale
Construction Materials Brick Metal Siding Stone Veneer
Year Built Details Preowned
Status Active
Directions From Mexia travel West on Hwy 84 towards Waco at red light turn North (right) on Hwy 14 towards Wortham property is on your left past Bluebonnet Street and across from King's Quarters Inn
City Mexia
Standard Status Active
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Exterior
Waterfront 0
Lot Size Source Public Records
Parking Features Asphalt Common On Site Parking Lot
Lot Size 1 to < 3 Acres
Foundation Slab
Building Area Total 7000.00
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Interior
Flooring Carpet Concrete Tile Wood
Total Stories 1
Total Units 2
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Internal Only
Street Number 1 701
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* Excluded Features
List By
Mitzi Eves

Listing Agent

Coldwell Banker Apex, Realtors

Broker

Affordability Calculator

$10,687
Per Month
97%
3%
0%
Monthly Principal & Interest
$10,360
Monthly Property Taxes
$326
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
288163 Elementary School
288375 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
10/26/2026 $1,500,000 Listed Price

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701 N Martin Luther King Jr Highway, Mexia, TX, 76667 is a Commercial Property for sale at $1,500,000 with a lot size of 2.69. 701 N Martin Luther King Jr Highway was built in 1982. The property's zip code is 76667 which is in Mexia, TX

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