413 S Washington - Fredericksburg 78624, Gillespie County

102343
For Sale
$1,939,000
Commercial
Commercial
Active

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Building Information

6,473 Sq. Ft.
Remodel
Single
0
Other
1958
4
Other
5-20 Yrs
Central Heat & Air, Garage/Carport

Land Information

1.26 Acres
$0.00
Public Water, Sewer
Paved Road, Highway Road
Mostly Flat
Restricted

Tax Information

1262, 50938
$14,986.00
GE Co
Bastrop
Tract 1: PIDN 1262 | Geographic ID GEO0591 & 515-I-O | Legal Description G E CO #591,615 & 560 BLK I 1.036, -TRACT 1- Tract 2: PIDN 50938 | Geographic ID S1690-0000-000200 | Legal Description WALDRIP LOT 2-PT, .224

Additional Information

Cash, Conventional
Andys Steak and Seafood Grille, 413 S Washington ST Fredericksburg TX 78624

Dedicated property website: https://swpre.com/listings/andys-steak-seafood-grille-413-s-washington-st-fredericksburg-tx-78624/

Fredericksburgs oldest continuously operating restaurant. Turn key real estate plus business assets. 6,473 SF building, 2,252 SF covered areas, 1.26 acre lot. 210 est. frontage on US-87. 93 parking spaces. 216 occupancy. $100,000 avg. monthly revenue. Upside by adding evening service, alcohol, outdoor service. 4 blocks to downtown. 55 Walk Score. 7,948 avg. daily traffic. Great SBA candidate. Stable staff. Training available. Stunning Fredericksburg demographics plus almost 2M annual visitors.

FINANCIAL INFORMATION

Revenues:

$1,212,141 2016 Revenues

$1,176,408 2012-2016 Average Revenues

Available after confidentiality execution:

2013-2016 Financials

2014-2016 Tax Returns

2016 Restated P&L By SWPRE

List of Available Tangible Assets

Exclusion List

To request Confidentiality and Non-Disclosure Agreement: email or call SWPRE CFO at 830.900.0266

Immediate upside opportunities:

Add dinner service | Currently open 6AM - 2PM

Add alcohol service | Currently beer and wine only

Add outdoor service | 2,252 SF of existing covered porches and carport for easy conversion

0.4 MILES FROM DOWNTOWN HWY-US-290

55 WALK SCORE

7,948 AVERAGE DAILY TRAFFIC COUNT

NOT IN FREDERICKSBURG FLOOD PLAINS

GILLESPIE CENTRAL APPRAISAL DISTRICT (GCAD)

Legal:

Tract 1: PIDN 1262 | Geographic ID GEO0591 & 515-I-O | Legal Description G E CO #591,615 & 560 BLK I 1.036, -TRACT 1-

Tract 2: PIDN 50938 | Geographic ID S1690-0000-000200 | Legal Description WALDRIP LOT 2-PT, .224

Improvements:

6,473 HVAC SF

1,342 SF Open Porches

720 SF Carport

288 SF Storage Building

192 SF Screened Porch (SWPRE believes this is the BBQ Smoker Area")

36,000 SF Parking

Land: 1.2604 acres | 54,903 SF | 0.51 hectares | 5,100.66 m2

Taxes:

$14,986.31 paid 2016 taxes

Description Estimated Tax

CITY OF FREDBG $1,967.14

GILLESPIE COUNTY $3,558.88

HILL CNTRY UWCD $63.93

FREDBG ISD $9,394.72

WCID $1.64

Total Taxes: $14,986.31

1.8284 tax rate
0.4 MI from US-290/Main ST at S Washington ST/US-87 Travel south on S Washington ST 0.4 MI Property on left