1. Overview
  2. Location
  3. Interior
  4. Exterior
  5. Property
  6. Schools
  7. Tax
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Status: Active

375 Mesa Dr 
Del Valle, TX 78617

$788,000

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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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Bedrooms
3
Baths
2.5
House Size
1,440 sqft
Year Built
1988
Lot Size
0.72 ac
School District
Bastrop ISD

Location

Market Insights

In the last 30 days, homes for sale in 78617, Del Valle, TX were on the market for a median of 41 days and 22.22% of homes sold above list price.

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Interior Information

appliances
Electric Range
Microwave
Refrigerator
Vented Exhaust Fan
cooling
Ceiling Fan(s)
Central Air
features
Ceiling Fan(s)
Open Floorplan
See Remarks
fireplace
Living Room
flooring
Carpet
Concrete
Tile
heating
Central
laundry features
Laundry Room
view
None

Exterior Information

fence
Full
Perimeter
road surface
Asphalt
Paved
roof
Composition
Shingle

Property Information

architectural style
Traditional
community
Other
construction
Brick Veneer
foundation
Concrete Perimeter
Slab
sewer
Public Sewer
subdivision name
The Ranch
utilities
Electricity Available
  • Listed By Chelsea Robinson
  • (512) 657-3099
  • Land Unlimited
  • (512) 729-7139
  • team@landunlimitedre.com
  • MLS 569737

Tax History

Date

Property Tax

Land

Additions

Tax Assessment

2024$99 (0%)$108,712$237,687$346,399 (+0.4%)
2023$99$102,163$242,907$345,070

Tax data provied by Attom


Monthly Payments Calculator

Estimated Monthly Cost

$4,460

30 year fixed·6.9% interest rate
Principal & Interest
$4,152
Property Taxes
$8
Home Insurance
$300
HOA Fees
$0
%

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*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
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