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$1,500,000
New Listing

701 N Martin Luther King Jr Highway
Mexia, TX 76667

For Sale|Business|Active
0
Beds
0
Total Baths
7,000
SqFt
$214
/SqFt
1982
Built
Subdivision:
Evans N Hwy 14 Add
County:
Limestone
701 N Martin Luther King Jr Highway701 N Martin Luther King Jr Highway701 N Martin Luther King Jr Highway701 N Martin Luther King Jr Highway
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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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Listing Snapshot
Price 
$1,500,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
7,000 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
2.69 Acres
Year Built 
1982
MLS Number 
21417819
Status 
Active
Property Tax 
$3,917
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Owner
Friends & Family
Recent Activity
6 hours agoListing updated with changes from the MLS
14 hours agoListing first seen on site
General Features
Acres 
2.69
Foundation 
Slab
Number Of Stories 
1
Parking 
AsphaltCommonOn SiteParking Lot
Property Sub Type 
Business
Security 
Fire AlarmSecurity Lights
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
7000
Utilities 
Cable AvailableElectricity Connected
Water Source 
Public
Zoning 
Commercial
Interior Features
Cooling 
Ceiling Fan(s)Central AirElectric
Flooring 
CarpetConcreteTileWood
Heating 
CentralElectric
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Exterior Features
Construction Details 
StoneBrickMetal SidingStone Veneer
Road Frontage 
Highway
Roof 
Metal
Community Features
Accessibility Features 
Accessible Doors
Listing courtesy of Mitzi Eves of Coldwell Banker Apex, REALTORS mitzieves1@gmail.com



© 2020 North Texas Real Estate Information Systems. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumer's personal, non-commercial use, and may not be reproduced, redistributed, or used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Last checked: 2026-10-27 01:45 AM CDT

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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