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$788,000
187 Days On Site

375 Mesa DR
Del Valle, TX 78617

For Sale|Mixed Use|Active
0
Beds
0
Total Baths
1,848
SqFt
$426
/SqFt
1988
Built
Subdivision:
The Ranch
County:
Bastrop

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375 Mesa DR375 Mesa DR375 Mesa DR375 Mesa DR
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Multi-generational income producing investment opportunity near Austin! Gary's Grill established in 1994 has been a long-standing hot spot for the locals and tourists alike. Residing less than 5 miles away from Circuit of the Americas and only 11 miles from the Austin Airport makes this the ideal location. This property has the potential for an 18.5% cap rate!! Circuit of Americas has an amusement park said to be finished October of this year to really add to the business and vacancy potential you have with both a 3bed 2 bath home and a studio home. Gary's Grill has two full kitchens with multiple prep and storage areas to help cater to high volumes of business. The fenced in parking lot has the potential to hold upward of 15 cars at a time. Walking in you will order at the front counter inside and can take your order togo or have a seat in the dining area equipped with a fireplace for additional warmth and atmosphere during the colder months. All equipment in the restaurant will be staying with the property except for a smoker out front. Currently only open 5 hours a day- imagine the potential! This really is a turnkey property! The single-family home is a 3-bedroom 2 bath with an added office space in the master bedroom. This extremely well-maintained brick home offers a spacious floor plan with tile throughout most of the house, a wood burning fireplace and a large private backyard featuring multiple peach trees! Next to the main home you will find a large barn/workshop with sliding doors for additional private parking and storage! The separate studio guest home has its own covered parking and a pool in its backyard to enjoy in the warmer months. Overall, this property has so much to offer and is waiting for you to come find your next investment!

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Listing Snapshot
Price 
$788,000
Days On Site 
187 Days
Bedrooms 
N/A
Inside Area (SqFt) 
1,848 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.86 Acres
Year Built 
1988
MLS® Number 
4574784
Status 
Active
Property Tax 
$2,203
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 weeks agoPrice changed to $788,000
4 weeks agoListing updated with changes from the MLS®
6 months agoStatus changed to Active
6 months agoListing first seen on site
General Features
Acres 
0.86
Additional Property Use 
CommercialMixed UseMulti-FamilySingle Family
Disclosures 
None
Parking 
Additional ParkingCarportCoveredDrivewayGatedGuestOn SiteParking LotPrivate
Parking Spaces 
15
Property Condition 
Updated/Remodeled
Property Sub Type 
Mixed Use
Security 
Secured Garage/ParkingVaries By UnitSee Remarks
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
1848
Utilities 
Water Connected
Water Source 
Public
Interior Features
Cooling 
Central Air
Flooring 
ConcreteTile
Heating 
CentralFireplace(s)
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Exterior Features
Construction Details 
BrickConcreteStucco
Other Structures 
Garage(s)Guest HouseResidenceWorkshop
Community Features
Accessibility Features 
Visitor Bathroom
Financing Terms Available 
CashConventionalOwner May Carry
Horse Allowed 
Yes
MLS Area 
BW
Listing courtesy of Land Unlimited gressettchelsea@gmail.com


All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings courtesy of ACTRIS as distributed by MLS GRID. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied.
Last checked - 2025-08-21 05:49 AM CDT

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Neighborhood & Commute
Source: Walkscore
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