1.86 +/- acres
5115 College Dr.
Vernon, TX 76384
This prime tract of commercial real estate is located at the intersection of Business Hwy 287 and Highway 70, on the west side of Vernon. It's next door to the USDA office and just down the road from the North Texas State Hospital, Vernon College, and Wilbarger General Hospital. The tract is approximately 1.86 acres in size.
The building is 4,116 sq ft (per the tax district) and has been operated as a restaurant for decades, specifically for the last 20 years as Mestizo Restaurant. This business was established and provided a consistent income to the owner for years, as well as sustained several employees. Due to personal reasons, it closed on 10/23/2017.
The way the restaurant is currently arranged, it can seat 150 people. There is one large dining room, plus two separate rooms that can be closed off for private parties; all of these rooms can hold 50 people each. At the list price, the building comes fully furnished with everything you need to run it, including all restaurant equipment, plates, utensils, appliances, tables, chairs, etc. All of the equipment and furnishings are in good working condition, with some being practically new. The restaurant has a computer system to process orders efficiently and keep track of employee time cards as well. In addition to the three dining rooms and kitchen, it also has separate men and women's bathrooms, an office, cashier/hostess foyer, waitress station, and two extra storage rooms.
The building had a new roof put on in 2013 and is in very good condition. It has CH/A, stucco siding, and has a long covered front porch to bring customers into the entryway. There is metal storage building in the back as well. The parking lot is gravel, with some grass. This property has a lot of potential to be ran as a Mexican food restaurant, steak house or any other kind of food establishment, or with slight upgrades, made into a sports bar.
LIST PRICE: $200,000
For more information or to see this property in person, contact agent Benjamin Belew at cell phone (940) 357-9940.
(Full equipment list and income tax information can be provided to buyers upon pre-approval verification and signed non-disclosure. Owner will retain the exclusive rights to the business name "Mestizo Restaurant", its recipes and menu, and will remove all signs that say "Mestizo" from the building and lot prior to closing.)