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701 N Martin Luther King Jr Highway
Mexia TX 76667 US

$1,500,000

Active Listing ID 21417819
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Lot: 2.69 Acres
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Other

$1,500,000

Active Listing ID 21417819
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701 N Martin Luther King Jr Highway ICONIC BAR & RESTAURANT FOR SALE - FULL TURN KEY OPERATION PLUS ADDITIONAL FULL SIZED RESTAURANT READY FOR NEW OWNER!! This beloved local watering hole has thrived for decades with a loyal Client base. The Falcon Club presents an exciting commercial investment opportunity in the growing community of Mexia, Texas. This established local gathering place has a loyal customer base and offers tremendous potential for continued operations, expansion, and additional income opportunities. During COVID, the current owner began construction of a covered outdoor patio designed to accommodate live music, entertainment, and a designated smoking area, allowing the interior to remain smoke-free and creating a more inviting atmosphere for expanded food service. One of the property's most attractive features is its fully functional commercial kitchen, which is shared with the adjoining vacant restaurant space. A new owner could capitalize on this unique arrangement by leasing the approximately 4, 650-square-foot restaurant space to a separate operator while continuing to operate The Falcon Club independently, creating the potential for multiple income streams while preserving the established bar business and its loyal clientele. Strategically located on Highway 14 near the major intersection of Highways 84 and 14 and 171, the property is positioned to benefit from Mexia's anticipated commercial and industrial growth. Nearby developments include upcoming Zippy J's Community Store featuring a gas and convenience store, new industrial businesses in the Mexia ECD Industrial Park employing 1200+ people by year 2032, and TxDOT's planned expansion of Highway 84. New developments have the potential to bring additional business activity, employment opportunities, and increased traffic to the area and this versatile property offers an excellent location and opportunity to establish or expand your business in the heart of Central Texas.

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Property Features

  • Facts
  • Lot Size: 2.69 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Cooling System: Ceiling Fan(s), Central Air, Electric
  • Floor Covering: Tile, Carpet, Concrete, Wood
  • Roof Type: Metal
  • Heating Fuels: Electric (Heating), Central

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 1500000
  • unparsedaddress: 701 N Martin Luther King Jr Highway
  • postalcity: Mexia
  • stateorprovince: TX
  • country: US
  • postalcode: 76667
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 2.69
  • lotsizeunits: Acres
  • lotsizearea: 2.69
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 31.689675
  • longitude: -96.490435
  • listagentfullname: Mitzi Eves
  • listagentemail: mitzieves1@gmail.com
  • listagentkey: 3yd-NTREIS-A798517368
  • listagentmlsid: A798517368
  • listagentpreferredphone: 254-776-0000
  • listofficekey: 3yd-NTREIS-A829548
  • listofficemlsid: A829548
  • disclaimer: Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: NTREIS
  • yearbuilt: 1982
  • countyorparish: Limestone
  • parcelnumber: R19342
  • cooling: Ceiling Fan(s), Central Air, Electric
  • constructionmaterials: Brick, MetalSiding, StoneVeneer
  • flooring: Tile, Carpet, Concrete, Wood
  • heating: Electric (Heating), Central
  • numberofunitstotal: 2
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • parkingfeatures: Parking Lot
  • roof: Metal
  • waterfrontyn: False
  • franchiseaffiliation: None
  • securityfeatures: Security
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -96.49043, 31.689674
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Coldwell Banker Apex, REALTORS", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"mitzieves1@gmail.com", "ListBrokerageCity":"Waco", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Coldwell Banker Apex, REALTORS", "ListBrokeragePhone":"254-776-0000", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"TX", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"500 N Valley Mills Drive", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":" ", "ListOfficeAddress2":"", "ListOfficeBrokerMlsId":"A829548", "ListOfficeCity":"Waco", "ListOfficeCountry":"US", "ListOfficeEmail":"katyleerealtor@gmail.com", "ListOfficePostalCode":null, "ListOfficeStateOrProvince":"TX", "ListPriceCurrencyType":"USD", "ListingTitle":"CommercialSale, Mexia, TX", "ListingURL":null, "MLSModificationTimestamp":"2026-10-28 02:03:35", "Neighborhoods":[{"Description":null, "Name":"Evans N Hwy 14 Add"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":3917, "TaxDescription":"EVANS N HWY 14 ADDN, LOT 004 - 008, ACRES 0.6", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
  • GarageSpaces: 0
Listing Changed: 10/28/2026 2:37:54 AM GMT
Source Updated Date: 11/5/2026 12:58:06 AM GMT

Courtesy of: Mitzi Eves, Coldwell Banker Apex, REALTORS, mitzieves1@gmail.com

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.