110 W Bailey St
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110 W Bailey St
2,950 SF Retail Building Ponder, TX 76259 $1,900,000 ($644/SF)
Investment Highlights
- Property & Business are offered together
- ADA compliant, rewiring of entire building, new roof, complete plumbing upgrade, & epoxy flooring
- Original Restaurant opened in 1903 and has been expanded and updated, including major renovations in 2022
- $644/sf
Executive Summary
Both Property & Business are offered together, including commercial building & parking lot, all equipment, inventory, historic photos and furnishings, the Ranchman's business, name and intellectual property. The Buyer can continue the rich history of Ranchman's (formerly the Ponder Steakhouse), a Texas tradition. The original restaurant opened in 1903 and has been expanded and updated, including major renovations in 2022 to be ADA compliant, rewiring of entire building, new roof, complete plumbing upgrade, epoxy flooring, Hardie fiber cement siding, loading dock, ductless HVAC and high efficiency tankless water heater. Celebrity guests have included: John Wayne, Warren Beatty & Faye Dunaway (during filming of Bonnie & Clyde movie), Lillian Carter, Stevie Nicks, Cindy Crawford, Dennis Hopper, Eric Clapton & others. Featured in The Big Texas Steakhouse Cookbook, Food Network with Bobby Flay and The Texas Bucket List (NBC). See YouTube - Bobby Flay Ponder Steakhouse
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,950 SF
Building Class
B
Year Built/Renovated
1903/2022
Price
$1,900,000
Price Per SF
$644
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.14
Lot Size
0.50 AC
Zoning
Retail - Standard Retail Downtown
Parking
25 Spaces (8.47 Spaces per 1,000 SF Leased)
Frontage
40 FT on West Bailey Street
Amenities
- Restaurant
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | R45227 | Improvements Assessment | $136,678 |
| Land Assessment | $40,950 | Total Assessment | $177,628 |
PROPERTY TAXES
Parcel Number
R45227
Land Assessment
$40,950
Improvements Assessment
$136,678
Total Assessment
$177,628
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110 W Bailey St
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