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-Natalie

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TL;DR: A 6,475 square foot building on a 0.26-acre corner lot, owned and included at $359,000, with a perfect 5.0-star rating. Built 1965.

This 6,475 square foot commercial building sits on a corner lot in Lometa, Texas, minutes from Lampasas and San Saba. The property is currently operating as a successful event venue, having hosted weddings, quinceaneras, and community celebrations, and has built a strong local reputation with glowing customer feedback.

The building features two distinct event spaces: a larger hall suited for weddings, parties, community events, private celebrations, meetings, or entertainment-style use, and a smaller hall offering additional flexibility for classes, retail space, office use, or private gatherings. Built in 1965 with brick construction on a slab foundation, the property includes central air conditioning and generous on-site paved parking.

Beyond its current use as an event hall, the building's large open floor plan and multiple rooms create possibilities for a range of concepts, including a food market, retail store, daycare, event center, community space, vendor market, restaurant-style concept, private club, or bingo-style entertainment, subject to city approval and applicable permits.

This is fundamentally a real estate opportunity rather than a cash-flowing business acquisition. The property carries a homeowner's insurance replacement value of $1.8 million, well above the asking price, reflecting significant intrinsic value in the structure itself. For an owner-user, investor, or entrepreneur, this represents a rare chance to acquire a sizable, versatile commercial building in a small-town setting at a price point that leaves room for future growth and creative reuse.

Seller financing is available to a qualified buyer.

Contact us today to learn more about this opportunity and request additional information.