www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
20401837
20401838

113 S Lamar St, Eastland, TX 76448

SS
Lion's Gate Medical
Lion's Gate Medical
Listed by Lion's Gate Medical
$1,050,000
622 days on market
Updated 8 days ago

Mixed Use Property in Downtown Square

Details
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building, Bar (+1)
Square Footage 10,300
Net Rentable (SqFt) 10,300
Units 4
Cap Rate 5.71%
NOI $60,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $102
Class A
Year Built 1918
Year Renovated 2019
Buildings 1
Stories 2
Zoning commercial
Investment Type Stabilized
Ground Lease No

8.00% CAP | 10,300 SF

Marketing description

111 S. Lamar - First Floor Restaurant is Branded 5,500 sq. ft. turn-key Restaurant and Bar featuring a 800 sq. ft. “banked out” culinary kitchen, as well as a party room with catering kitchen and separate lunch counter/coffee bar. It’s authentic, upscale antique lighting and décor welcomes guests from two separate entrances (bar side patio with gas fire pit and café entrance) under the recognizable 1918 brick store front cedar canopy. 3 HVAC 2021 dated 16 SEER Systems, Gas and 2 Electric Instant Hot Water, 2 Water Filter Systems, Established Triple Net Metering for both Suites, can be occupied as single or Dual Lease. Toast Point of Sale System with 6 handhelds, and two counter-top registers are included. Located on the west side of Eastland’s Historic Courthouse Square, and just one mile off the I-20 Interstate is Instagram ready and waiting for the perfect operator. The Beard Building is built waiting for a highly qualified restauranter interested in operating a valued business concept, engaging the local community and fulfilling a need for quality dining on the square. The lease includes everything necessary to make your dreams come true. Including DBA for “Beard’s Wheat and Rye”, Professional designed LED Building Signage, Website, Facebook, Logos, Merchandise Concepts and active Billboard on Eastbound Hgwy 20. 113 S. Lamar – 2nd story Energy Efficient, historic Apartment Residences completely Renovated in 2021, 16 SEER HVAC Systems, Instant Gas Hot Water, LED electric, replaced plumbing, electric, LG suite of Appliances. Palo Pinto Mountain State Park will be opening in 2025 with an expected 75,000 guests expected to participate in its hiking trails, 50 acre lake, and camping park. Located in nearby Mineral Wells it is located just 23 miles from Eastland

Investment highlights

  • Historic all brick asset, completely renovated 2021
  • West side of courthouse square
  • Bar/Cafe, dual entrances, turnkey occupancy
  • Professionally designed and decorated
  • Branded restaurant campaign transferable
  • Energy efficient utilities, LED lighting
  • All suites/units set up for triple net leases
  • 2nd story with four residential A+ executive rentals
  • Residential Separate Entrance
  • Roof replaced in 2022

Listing Contacts

SS
Lion's Gate Medical
Lion's Gate Medical
Listed by Lion's Gate Medical

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,000.00
$5,000.00/mo

Valuation Metrics

0
DSCR
5.71%
Cap Rate
5.71%
ROI

Map

Zoning

Intelligence Badge
C-1 CommercialSpecial CommercialLocal Business District
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 386 uses
View all 386 uses
Last updated Jan 15, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591