931 Pearl StGranbury, TX 76048

For Sale
$5,000,000

Prime 3.58 acre waterfront property, $5M

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 3.587-acre commercial land parcel in Granbury, Texas (APN R000043470), presents a unique investment opportunity. Located at 931 E Pearl St, 76048, this Light Commercial (LC) zoned property boasts a prime location at the entry to the historic downtown district, within walking distance of the town square and adjacent to a convention center and hotel. The site offers unparalleled waterfront access to the river, ideal for a large-scale entertainment and dining complex. Current plans envision a multifaceted development including a 30,000 square foot restaurant with riverfront dining, multiple indoor and outdoor stages for live music, a distillery/brewery, beer garden, various dining options, boat docks (28), a drive-thru boat dock service, a dance hall, beach area, VIP dining dock, wedding chapel, boardwalks, splash pads, fire pits, and valet parking. All utilities are available: city water (8" PVC/70 psi), city sewer (8" PVC), city storm drainage (open channel to river, no detention required), Tri County 3-phase electric, and Atmos gas (4" poly, 30 psi). High-speed internet is also available via Charter Spectrum and fiber optic. This property is suited for a 1031 exchange. The property's strategic location and existing zoning ensure a consistent and valuable asset for future development. The potential for high revenue generation is significant, making this a truly irreplaceable opportunity.

Highlights

  • Light Commercial zoning; consistent with future land use plans, situated at the entrance to the historic downtown district.
  • City water (8” PVC, 70 psi), city sewer (8” PVC), city storm drainage (open channel to river, no detention required), Tri County 3-phase electric, Atmos gas (4” poly, 30 psi), Charter Spectrum high-speed internet (coax & fiber).
  • Two-minute walk to the Granbury downtown square, served by tram.
  • Riverfront property with expansive sunset views, featuring three indoor/outdoor stages for simultaneous events, a 30,000 sq ft restaurant space, distillery/brewery/beer garden, multiple restaurant concepts, reserved dining/bonfire areas, outdoor bars, gourmet food trucks, waterfront concerts/movies, a dive-in theatre, 28 boat docks with drive-thru service, a dance hall, beach play area, VIP dining dock, wedding chapel, boardwalks, splash pads, fire pits, and valet parking.
  • Signalized intersection and major highway frontage with direct access; all utilities available.

Property Details for 931 Pearl St

Property type
Other land, Land
Lot Size (sq. ft)
156,250 SF

Location Insight

City
Granbury
County
Hood
State
Texas
Latitude
32.443514910382
Longitude
-97.771288201869
931 Pearl St, Granbury, Texas

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931 Pearl St
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