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Days210Days on Market
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$950,000

302 S Magnolia Street, Hearne, TX, 77859

On MarketInfo
CommercialInfo
Baths0 Bath
Baths7,256 Sq Ft
RetailRetail
price_per_sqft$130.93 / sqft

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size14,375 sqft

Land Information

APN080000-025695
Lot Number1-5
Land UseCommercial
Legal DescriptionLTS 1 THRU 5 BLK 414 HEARNE 1332/202 PP ON ACCT 508000-105160 0.33 ACRES
Census Tract960501
Assessed Land Value$69,000
Assessed Improvement Value$573,729
Assessment Year2025

About this property

Positioned in the heart of downtown Hearne, The Pony Express Bar and Grill offers a unique opportunity to own a well-regarded restaurant with historic charm. This established business, attracting both local residents and travelers, is located less than 500 feet from State Highway 6. Located just 20 minutes from Bryan-College Station and near US Highway 79 and US Highway 190, the property is located close to multiple high traffic intersections and thoroughfares. Additional nearby communities include Milano, Gause, Calvert, and Franklin. This versatile property presents a rare turn-key opportunity to acquire a piece of Hearne's history and its vibrant future.

Investor Tools

Property Icon
$642,729
Estimated Property Value
$0Estimated Mortgage Balance
$642,729Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,700 /month
Positive
Cash Flow Estimate:
$1,900 /month

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Kevin Carnes

Beyond Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,392/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,493
$642,729
2025
$69,000
$573,729
$642,729
No

Tax History

Year
Tax Paid
Assessed Value
2025
$13,493
$642,729

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$642,729
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Hearne

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