113 N Main Street

Description

Rare opportunity to own a stable and profitable mixed-use property in the North Texas Hill & Wine County that could also serve as your private residence!Fully stabilized mixed-use property with long-term commercial lease in place (May 2028)Fully automated operational systems for short-term rental will transfer to new ownerDependable cashflow in an affluent submarketPremier location next to current & future development lends itself to significant near-term value appreciation•Brewery-Bar •Hospitality - Restaurant •Historic CharacterPhase I focused on converting second floor into a short-term rental (STR) loft Installing master suite (tying into existing plumbing lines from current bathrooms) Full 2nd bath Kitchen Laundry hookups for washer & dryer Murphy bed & foldable futon-sofa Phase II focused on cosmetic updates to biergarten and restaurant area. Installing new décor and furnishings to modernize the feel of the space Addressing any insulation issues due to previous work on biergarten enclosure Updating plumbing and electric Installing new mini-split Rehab to restaurant included: Updating plumbing and electric, as needed (especially kitchen)Adding security doors and electronic locks to separate venue, restaurant, and STR spaces Entire gut of upstairs Loft & replacing with modern amenities and full furnishing. Original rafters, hardwood floors, and windows remain (2022) Renovation of Commercial Space & Biergarten (2022-2024) New sprinkler system throughout building, monitored (2023) New fire escape on outside of building (2023) New security doors for commercial space (2023) New cooling unit on kitchen walk-in cooler (2023) New motor and belts in vent-a-hood system (2024) New 3-ton mini-split in Biergarten (2024) Electrical upgrade to fire suppression system in kitchen (2025) New 5-ton Trane 3 phase split system, additional 2-ton mini-split (2025)