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$600,000

73 S Wright St, Alice, TX, 78332

On MarketInfo
CommercialInfo
Baths3,448 Sq Ft
IndustrialIndustrial
price_per_sqft$174.01 / sqft
Year BuiltBuilt in 1982

About this property

Established and Well-known event venue offering 3,448 square feet of income-producing potential. This versatile property is designed to host a wide range of events including private parties, receptions, and live entertainment. Features include a fully equipped bar area, light system, sound system, spacious dance floor, and flexible layout to maximize guest capacity and revenue opportunities. Ample storage space supports efficient operations and event turnover. Strong potential for consistent cash flow with multiple booking streams and repeat clientele. Ideal for investors or owner-operators seeking a turnkey business opportunity in the entertainment and hospitality space. Owner financing available with seller carrying first lien for qualified buyers, providing a flexible path to acquisition.

Investor Tools

$0Estimated Mortgage Balance
$87,891Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,600 /month
Positive
Cash Flow Estimate:
$1,200 /month

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Jolene Vanover

Keller Williams Coastal Bend

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$232/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,350
$87,891
2025
$9,430
$78,461
$87,891
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,350
$87,891

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$87,891
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: Alice

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