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316 E Wallace Street

San Saba, TX 76877
  • $5,500,000
  • STATUS: Active Option Contract
  • ON SITE: 113 Days
  • MLS #: 14748509
Under Contract
UPDATED: 67 min ago
$5,500,000
  • 0
    BEDS
  • 0.47
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,800
    SQFT
  • $466
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1926
County:
Area:

School Ratings & Info

Offered by Toby Vicknair of Keller Williams City View.

Description

Profitable winery with 3 revenue streams that are cash flowing and will continue to produce 7%+ cap rate. They opened their historic 1926 tasting room and 10,000 case winery, located at the intersection of U.S. Highway 190 and State Highway 16, on June 1, 2012. Just as the casual beauty, friendly personalities and relaxing hospitality defines small town Texas, the Winery is committed to making 100% Texas-grown wines that celebrate Texas terroir and wine-growing conditions. Producing grapes grown in their estate vineyards, as well as collaborating with select Texas Hill Country AVA and Texas High Plains AVA vineyards. Texas wines of purpose and distinction suitable for celebrations and every-day drinking.

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© 2022 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or VIVO Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than VIVO Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-05-21T07:40:30.667.
www.vivorealty.com/homes/125119542
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316 E Wallace Street San Saba, TX 76877

  • Price: $5,500,000
  • Status: Active Option Contract
  • On Site: 113 Days
  • Updated: 67 min ago
  • MLS #: 14748509
0
Beds
0
Baths
0
½ Baths
0.47
Acres
11,800
SQFT
$466
$/SQFT
1926
Built
Neighborhood:
Down Town
County:
San Saba
Area:
San Saba
Property Description
Profitable winery with 3 revenue streams that are cash flowing and will continue to produce 7%+ cap rate. They opened their historic 1926 tasting room and 10,000 case winery, located at the intersection of U.S. Highway 190 and State Highway 16, on June 1, 2012. Just as the casual beauty, friendly personalities and relaxing hospitality defines small town Texas, the Winery is committed to making 100% Texas-grown wines that celebrate Texas terroir and wine-growing conditions. Producing grapes grown in their estate vineyards, as well as collaborating with select Texas Hill Country AVA and Texas High Plains AVA vineyards. Texas wines of purpose and distinction suitable for celebrations and every-day drinking.
Exterior Features

Construction BlockBrickConcreteRock/Stone Construction Materials Walls BrickCement Foundation Pillar/Post/PierSlab Freight Doors Grade Level Lot Description Level Lot Size Source Assessor Open Parking Yes Open Parking Spaces 0 Parking Or Garage On StreetOpen Road Frontage Type City Street Road Surface Type AsphaltConcrete Roof Built-Up

Interior Features

Ceiling Height 11 To 14 Feet15 To 20 Feet Commercial Features Floor DrainsInside Storage Cooling Central AirElectric Flooring Ceramic TileWood Garage No Heating CentralElectric Sq Ft Gross 18800

Property Features

Alarm Or Security Type Firewall(S) Auction No Building Area Source Assessor Building Area Total 11800.00 Building Use Bar/TavernsHistorical DistrictRetailStorage Warehouse Business Name Wedding Oak Winery Construction Status Preowned Gross Annual Expenses 1300000.00 Gross Annual Income 2300000.00 Leaseable Spaces 1 List MLSProvider Metrotex Association Of Realtors Multi Zoning No Municipal Utility District Yes Net Operation Income 1900000 Operating Expense Includes AccountingInsuranceLegalLicensesMaintenanceMaintenance GroundsManagerUtilities Possession Negotiable Property Attached No Property Type Retail Tenant Pays Other Transaction Includes BusinessFurnitureInventoryLand & ImprovementsMachinery Unexempt Taxes 139 Utilities City SewerPrivate Water Will Subdivide No Zoning Comm

North Texas Real Estate Information Systems MLS logo Listing information © 2022 North Texas Real Estate Information System.


© 2022 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or VIVO Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than VIVO Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-05-21T07:40:30.667.
 
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VIVO Realty
5200 McDermott Rd. #215
Plano TX, 75024
Offered by Toby Vicknair of Keller Williams City View.