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1540 Satterwhite Rd

12,900 SF Speciality Building Offered at £1,958,250 in Buda, TX 78610

Executive Summary

Investment Opportunity in Buda, TX: A Versatile and Exciting Property for Large Events
OVERVIEW
Discover an exceptional investment opportunity in the thriving community of Buda, Texas. This versatile property spans 7.9 acres and offers a variety of amenities and potential for future growth, making it ideal for large events and unique vacation rentals. Located just a 31-minute drive from Austin-Bergstrom International Airport and directly across the road from the nearby Persimmon Project, which is expected to add over 2,000 new residences, this property is perfectly positioned to attract both local and visiting guests.
KEY FEATURES
Drive-In Theater
Dual Movie Screens: The property features a drive-in theater with two movie screens, currently open to the public. This setup is also available for corporate and private events, wedding parties, and more, providing a nostalgic and entertaining experience for moviegoers.
Operating Bar and Restaurant: The drive-in theater includes an operating bar and restaurant, enhancing the event experience with convenient food and beverage options. Guests can also enjoy some of the best public bathrooms in town.
500-Gallon Grease Trap: The bar and restaurant are equipped with a 500-gallon grease trap, ensuring efficient and environmentally friendly waste management.
Vacation Rentals
Themed Interiors: There are four waterside vacation rentals, each with individually themed interiors such as Hogwarts, Breakfast at Tiffany's, and Star Wars. These unique themes enhance the guest experience and appeal to a wide range of visitors.
Fenced Yards: Each vacation rental comes with a fenced yard, ensuring privacy and comfort for guests and their pets.
Expansion Potential: There is ample room to add four more vacation rentals, allowing for further growth and increased revenue potential.
Convertible Containers: The containers used for the movie screens can be adapted into additional vacation rentals, offering a unique lodging experience.
Mama Merlot's Underground Speakeasy
Prohibition-Era Charm: Guests can travel back in time at Mama Merlot's, an underground speakeasy designed for private members. This exclusive venue offers a unique and immersive experience, perfect for private events and gatherings.
PROPERTY SPECIFICATIONS
Shipping Containers with Usable Space:
Total Area: 1,500 square feet
Features: Includes kitchen area, projector rooms, secret entry, and upstairs bar.
Storage Space:
Total Area: 1,800 square feet
Description: Comprises three empty shipping containers used for the screens, currently utilized for storage.
Tiny Homes:
Total Area: Approximately 900 square feet (rough estimate between 860-900 square feet)
Quantity: 3 tiny homes
Underground Area:
Dimensions: 40 x 40 feet
Total Area: 1,600 square feet
Upstairs Storage Area:
Total Area: Rough estimate of 500 square feet
Total Walled-in Space: 4,800 square feet
Total Storage in Containers: 1,800 square feet
ADDITIONAL DETAILS
Parking: The property includes surface parking for 94 vehicles, accommodating a large number of guests and event attendees.
Culvert and Creek: Built with 12" rebar-reinforced base with 8" rebar-reinforced sides and top deck, 6" concrete, and 1.5" curb concrete wings. This structure is much stronger than the recommended box culvert. The rest of the creek was tubed (metal tube) to handle a 100-year flood.
Managed by Current Owner
The drive-in theater, speakeasy, and vacation rentals are currently operated by the owner, ensuring a seamless transition for new investors.

Data Room Click Here to Access

Property Facts

Price £1,958,250
Price Per SF £152
Sale Type Investment
Property Type Speciality
Property Subtype Drive-in Movie
Building Class C
Lot Size 8.13 AC
Building Size 12,900 SF
Number of Floors 1
Year Built 2019
Parking Ratio 7.29/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R12791
Land Assessment
£780,621
Improvements Assessment
£116,257
Total Assessment
£896,878
  • Listing ID: 32520678

  • Date on Market: 19/07/2024

  • Last Updated:

  • Address: 1540 Satterwhite Rd, Buda, TX 78610

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