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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 sale
ago
Est $8,553/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. 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.

—
Sq feet
1982
Built

Location

Street address
701 N Martin Luther King Jr Hwy
Zip code
76667
Community
Evans N Hwy 14 Add
Elevation
520 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
Zoning
Commercial
MLS #
NTREIS 21417819
Posted

Property taxes

Recent
$3,917

Parcels

  • R19342

Legal description

Details and features

Listing

Type
Commercial Sale
Unit Count
2

Exterior

Parking
Parking Lot

Structure

Stories
1
Water
Public
Sewer
Public Sewer
Heating
Central, Electric
Cooling
Ceiling Fan(s), Central Air
Materials
Brick, Metal Siding, Stone Veneer
Roof
Metal

Interior

Flooring
Carpet, Concrete, Tile, Wood
Security
Security

Listing history

DateEventPriceChangeSource
Oct 26, 2026New listing$1,500,000—NTREIS
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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, priced at $1,500,000. It has a structure built in 1982.

Listed by Coldwell Banker Apex - Rockwall, (254) 776-0000

Checked 2 hours agoUpdated

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