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Commercial Land for Sale in Mexia, Texas

701 N Martin Luther King Jr Hwy, Mexia, TX 76667

$1,500,000
2.69 acres
Active
$200k drop
Est $9,387/mo

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. During COVID the current Owner began building an outdoor covered patio to create extra space for Live Music and an area for smokers to gather leaving the interior smoke free and a more pleasant atmosphere for his expansion into food service. The Falcon Club shares a fully functional Kitchen space with the vacant restaurant next door. The new Owner could lease the vacant Restaurant side with 4650 sf and operate the Bar separately. Keeping The Falcon Club open will keep the loyal Client base very happy. Mexia has new Commercial growth recently. Seller will divide up the property: Restaurant with equipment $550,000 or land $350,000 or Bar. This Listed property is on Hwy 14 near the major intersection of Hwy 84 and Hwy 14 where there will be a new Gas & Convenience Station under construction soon, new Manuf Comp coming soon in Mexia EDC Industrial Park and TxDOT is expanding Hwy 84.

Sq feet
1982
Built

Location

Street address
701 N Martin Luther King Jr Hwy
Community
Evans N Hwy 14 Add
Elevation
518 feet
Coordinates
31.6897, -96.4904

Directions

From Mexia travel West on Hwy 84 towards Waco at red light turn North (right) on Hwy 14 towards Wortham property is on your left past Bluebonnet Street and across from King's Quarters Inn

Property details

Acreage
2.69 acres
MLS #
NTREIS 20538563
Posted

Parcels

  • R19342

Legal description

Resources

Details and features

Listing

Type
Commercial Sale
Subtype
Business

Exterior

Parking
Parking Lot

Structure

Heating
Central, Electric
Cooling
Ceiling Fan(s), Central Air
Materials
Brick, Metal Siding, Stone, Stone Veneer
Roof
Metal

Interior

Flooring
Carpet, Concrete, Tile, Wood

Listing history

DateEventPriceChangeSource
Aug 29, 2025Relisted$1,500,000NTREIS
Aug 6, 2025Listing removed$1,500,000Listing agent
May 22, 2025Price drop$1,500,000$200,000 -11.8%NTREIS
Feb 17, 2024New listing$1,700,000NTREIS
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This 2.69-acre property is located at 701 N Martin Luther King Jr Hwy in Mexia, TX 76667. The property is available for sale for $1,500,000. It has a structure built in 1982.

Checked 47 mins ago — Updated

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