4.18 Acres in Round Top, TX - $876,013
PRICE REDUCED TO $876,013
Coldwell Banker Commercial Southwest Partners has been retained as the exclusive advisor for the sale of the real estate and business of Round Top’s Old Depot Antiques.
We expect the property to sell now!! The offering includes 4.18 acres in the coveted Round Top City Limits, 9,228 SF of improvements with significant frontage on TX 237. Old Depot Antiques has a great following and reputation in the international antique community and ample land for expansion.
Potential owner financing for up to 75% of purchase price at 6% with an estimated $4,474 monthly principal & interest payment.
PROPERTY WEBSITE
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HIGHLIGHTS
(1) This is a tremendous opportunity to assume ownership of an internationally acclaimed antique venue in the coveted City Limits of Round Top.
(2) Offering includes Seller non-compete and all related tangible and intangible business assets other than inventory.
(3) Outstanding Round Top quality of life including low cost of living, low crime, low poverty rate, highly educated, stable family environment, very high home values, high estimated per capita incomes and high median household income (2007 data).
(4) With a population of only 72, Round Top is a global destination for international antique and music events in the middle of the “Houston Hamptons”.
(5) Highly acclaimed Round Top-Carmine Independent School District ranked # 2 of 85 districts in the Houston-College Station-Austin corridor.
(6) Both schools rated “Exemplary” by the Texas Education Association, with the elementary school tied for # 1 among 39 elementary schools and the high school ranked # 1 among 20 high schools in a 30-mile radius.
(7) Within a 3-mile radius, the top 10 unmet local retail opportunities each average $725K+ and at 5-miles they each average $1.4M+.
(8) Fayette County compares favorably to all adjacent Counties and the 7 largest Texas Counties in most key demographic and econometric indicators.
CONTACT INFORMATION
Call 1.979.421.9996 to contact any member of the listing team to set up an appointment, request additional information or answer any questions.
PROPERTY
(1) Approximate size. 4.18 (182,081 SF) acres based on Fayette County Appraisal District (“FCAD”).
(2) Improvements SF. 9,224 SF based on FCAD in three buildings
(3) Estimated frontage. 1,408’ (.267 miles) including 560’ on TX 237 and 847’ on Bybee Road.
(4) Topography. Flat.
(5) Foliage. Scattered oaks on the south end of the property.
(6) School district. Carmine-Round Top ISD.
(7) Minerals. None.
(8) Boundaries. The property is bounded on the north by Bybee Road, the Round Top City Limits and the Round Rock-Carmine High School. It is bounded to the east by Highway 237, to the west by easement for some local residences and to the south by other properties.
(9) The Old Depot Building. The Old Depot Building is the first train depot in La Grange dating back to 1880. The Old Depot Building was built from red long leaf pine.
(10) The Wesley Dance Hall & Pavilion. The Dance Hall was also constructed from red long leaf pine. It was built in 1906. Most materials reused from the Masonic Lodge that was originally constructed in 1856.
(11) The Auction Barn. The Auction Barn is approximately 107’ by 100’. It is a metal building with a concrete slab. The Auction Barn was constructed in 1996 by the owner (a licensed master plumber).
(12) The Restaurant. The Restaurant occupies the southeast corner of the Auction Barn.
(13) Restroom facilities. (a) One set is located immediately adjacent to the Auction Barn. It features separate men’s and women’s full facilities including showers and are wheel chair accessible. (b) The second is adjacent to the Old Depot Building.
(14) Equipment. All restaurant equipment, refrigeration units, icemakers, and 500 gallon propane tank convey with the property sale. All are sold “as is, where is” with no express or implied warranty.
(15) Utilities. Blue Bonnet Electric provides electricity. Water is a local utility service from the City of Round Top.
(16) Gutters and downspouts. All buildings have gutters and downspouts in good working order.
(17) Septic systems. The property has two systems, one supports the RV Park and Auction Barn restroom and restaurant, and the second supports the Old Depot Building and the second set of restrooms.
ROUND TOP
Round Top, located in the “Houston Hamptons”, is a truly unique community with a permanent population of 72, and also known as an international destination.
Twice a year, Round Top is host to one of the nation's largest antique events. The exhibitors come from all over the world with items as varied as old tools, architectural pieces, furniture, collectibles, artwork, fine china, jewelry and silver.
The James Dick Foundation for the Performing Arts and its project, the Round Top Festival Institute, were founded in 1971 by world-renowned concert pianist James Dick. It has a superb year round education and performance programs. The Music Festival is presented for six weeks in June and July featuring chamber and orchestral concerts each weekend. It also presents monthly concerts and educational forums during its year-round "August-to-April" Series. It operates from a unique 210-acre campus, Festival Hill, containing major performance facilities, historic houses, book & music collection extensive gardens, parks and nature preserves.
The Chamber of Commerce membership is more than three times (228 members vs. 72 residents) the population of the community. There are 40 B&Bs, 24 shops, 8 artists/galleries and 8 restaurants in the Chamber of Commerce membership.
Typically there are over 250 formal events scheduled over the course of the year with every month featuring multiple events each week.
QUALITY OF LIFE
Round Top offers an enviable quality of life with a low cost of living, child friendly safety, high household incomes, highly educated, stable family environment, very low unemployment and poverty, and moderate weather.
LOCATION
(1) Highway access. Located on Texas Highway 237. About 6.8 mi. south of US 290 and about 16.4 mi. north of the US 77 and TX 71 interchange in La Grange.
(2) Regional Location. Almost equal distant from Austin and Houston. About 78 mi. east of downtown Austin and about 78 mi. west of northwest Houston (the US 290 and Beltway interchange).
(3) Superior Austin area access. 14 mi. to La Grange, 47 mi. to Bastrop, 64 mi. to Manor, 86 mi. to Round Rock and 102 mi. to San Marcos.
(4) Easy Houston-College Station area access. 23 mi. to Brenham, 35 mi. to Columbus (to I 10 westbound), 45 mi. to Sealy (to I 10 eastbound), 52 mi. to College Station, 68 mi. to Katy, 78 mi. to northwest Houston (US 290 at the Beltway) and 97 mi. to downtown Houston.
(5) Airport access. 51 mi. to Easterwood Field in College Station (“CLL”) with Continental commuter service to Houston Intercontinental, 71 mi. to Austin Bergstrom International (“AUS”), 101 mi. to Houston Intercontinental (“IAH”) and 108 mi. to Houston Hobby (“HOU”).
TAXES
2008 reported taxes are $7,202.48. Consult your tax advisor regarding your expected taxes.
DISCLOSURES & COPYRIGHTS
Coldwell Banker Commercial Southwest Partners is a wholly owned franchise of Alexander Tiffany Southwest, LLC. Analysis is preliminary, based on proprietary systems and models, is time sensitive and based on assumptions-stated and unstated. Graphics are only renderings. Measurements are only estimates. No warranties are expressed or implied. All content is protected by copyright laws, is only for prospects or legal representatives, and should not replace buyers own due diligence and analysis. Any other use is prohibited.
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