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Former Flagship Restaurant in Fort Worth Stockyards For Sale

Fort Worth, Texas, US
Asking Price:
$5,000,000 Furniture / Fixtures included
Sales Revenue:
$1,200,000
Cash Flow:
On request

Investment Highlights
Historic landmark property in the Fort Worth Stockyards District, offering rich potential for use as retail, restaurants, hotels, or event space.

Placed on 2.23 acres within a designated Opportunity Zone, offering ample on-site parking and flexible mixed-use zoning.

Convenient proximity to major attractions.

Includes a 33,000-SF building with exposed brick, towering ceilings, and large skylights, as well as a beautifully landscaped outdoor event space.
Prime visibility in one of Fort Worth’s most desirable destinations that draws over 10 million visitors each year.

Rapidly growing 5-mile population of more than 234,000, with an average household income of over $80,000 and annual spending of more than $2.4B.
Executive Summary
Discover a one-of-a-kind opportunity to acquire a historic landmark property at the heart of the Fort Worth Stockyards District. This rare offer allows users and investors to own a piece of Fort Worth’s legendary heritage and future growth.

The property comprises a 33,000-square-foot building on 2.23 acres, as well as a beautifully landscaped outdoor venue measuring 8,300 square feet. Zoned for mixed use, the building presents the perfect choice for use as a restaurant, retail, hotel, or event space. Much of the property’s original charm has been preserved, with classic outdoor murals, exposed brick interiors, and towering ceilings with skylights, creating a warm and inspiring environment.

The property features prime visibility in one of Texas’ most visited destinations, the Stockyards District.

This lively destination draws in more than 10 million annual visitors, providing the property with direct exposure to more than 16,000 daily vehicles alongside robust foot traffic. The location enjoys convenient proximity to the area’s major attractions, as well as numerous quality retail, entertainment, and hospitality amenities.

Placed within a designated Opportunity Zone, a new owner of the property will benefit from multiple long-term growth opportunities. Future redevelopment, renovation, and adaptive reuse projects can qualify for substantial capital gains tax incentives, offsetting costs significantly.

The Stockyards and North Fort Worth present an ideal climate for both growing businesses and investors, supported by strong demographics and leasing fundamentals. Currently, retail vacancies in the region sit at just 3.6%, driving average rent growth of 5% annually during the past five years. The heightened demand in the region is attributed to a large number of yearly visitors, as well as a rapidly growing local population, with more than 234,000 residents living within 5 miles of the subject property. With an average household income of more than $80,000, these locals contributed an impressive annual spending of more than $2.4 billion, creating a high-growth environment for retail, event, and service-oriented properties like this one.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Living Accommodation Associated with the Business

The property listing does not confirm any dedicated residential accommodation within the premises. The building is primarily described as a commercial restaurant and hospitality property, comprising multiple levels, a basement, and outdoor event space. Whether any portion of the building can be converted into residential accommodation would require confirmation from the property owner or listing agent, along with verification of applicable zoning and building regulations.

Location:

2629 N Main St
Fort Worth, TX 76164

Premises Details:

2629 N Main Street, Fort Worth, Texas 76164, United States.
Property type
Commercial retail and restaurant property, suitable for potential hospitality, retail, restaurant, or event-space redevelopment.
Building size
Approximately 33,000 square feet, including roughly 13,000 square feet on the ground floor.
Land and outdoor space
Approximately 2.236 acres of land, with an outdoor venue of approximately 8,300 square feet.
Building features
Historic brick construction
Multiple storeys (listed as two storeys)
Basement
High ceilings and skylights
Landscaped outdoor event area
Approximately 56 parking spaces
Year built
Listed as 1906 in the commercial marketing materials.

Size in square feet:
Size in Square Feet of Property: 33,000 sq. ft. (building), on approximately 97,460 sq. ft. of land.

Business Operation

Expansion Potential:

Opportunities for Business Expansion

The premises at 2629 N Main Street, Fort Worth, Texas, offer several potential opportunities for future business expansion due to their strategic location in the Fort Worth Stockyards District, a major tourism and entertainment destination.

1. Restaurant and food services expansion: The property could accommodate a full-service restaurant, specialty dining concept, or multiple food and beverage offerings designed to attract tourists, local residents, and business customers.

2. Hospitality and accommodation: The property's size and location may support future hospitality development, including a boutique hotel or other accommodation facilities, subject to planning approval, structural feasibility, and investment requirements.

3. Events and entertainment: The indoor space and approximately 8,300-square-foot outdoor venue could provide opportunities for private celebrations, corporate functions, cultural events, exhibitions, and other activities.

4. Retail and commercial leasing: Portions of the premises could potentially be developed or leased for complementary retail businesses, specialty shops, or visitor-focused services, creating additional income streams.

5. Tourism partnerships: Proximity to major Stockyards attractions provides opportunities to collaborate with tour operators, event organizers, hotels, and local businesses to attract visitors and increase customer traffic.

6. Mixed-use development: The property's approximately 2.24 acres and commercial zoning may provide opportunities to combine hospitality, retail, dining, and entertainment uses, subject to applicable planning and development approvals.

7. Future market growth: Continued investment and development in the Stockyards District may create additional demand for distinctive dining, accommodation, retail, and event experiences.

Overall, the property offers potential for expansion through redevelopment, diversification of services, and strategic partnerships. Any proposed expansion would require a detailed feasibility study, financing assessment, regulatory review, and confirmation of the property's current structural condition.

Competition / Market:

Competitive Considerations

The business operates in a highly competitive hospitality and entertainment market in the Fort Worth Stockyards district of Texas. Competition comes from established independent restaurants, steakhouses, bars, hotels, event venues, and other tourism-focused businesses that compete for visitors, local residents, private events, and corporate customers.

Key competitive considerations include:

1. Established competitors: Nearby restaurants and entertainment venues benefit from established reputations, customer loyalty, and strong local recognition.

2. Tourism and customer demand: Business performance may fluctuate with tourism levels, seasonal events, economic conditions, and changes in consumer spending.

3. Operating costs: Rising expenses for food, labor, utilities, insurance, maintenance, and property improvements may place pressure on profit margins.

4. Customer expectations: Maintaining food and service quality, competitive pricing, attractive facilities, and a distinctive customer experience will be important for attracting and retaining customers.

5. Redevelopment and changing competition: Continued investment and redevelopment in the Fort Worth Stockyards may create new opportunities while introducing additional restaurants, hotels, and entertainment businesses competing for the same customers.

6. Historic property considerations: If the business operates from an older building, renovation requirements, structural condition, maintenance expenses, and applicable preservation or building regulations could affect operations and future investment.

To remain competitive, the business would need to differentiate its offerings, maintain strong customer service, manage operating costs carefully, develop partnerships with local tourism and event organizers, and adapt to changing market demand.

These considerations reflect general competitive risks in the local hospitality market; they should not be interpreted as verified historical financial or operational problems of the former Los Vaqueros restaurant.

Trading hours:

Tuesday–Thursday: 11:00 AM–9:00 PM; Friday–Saturday: 11:00 AM–10:00 PM; Sunday: 11:30 AM–8:00 PM; Monday: Closed.

Employees:
11-50 employees.
Years established:
43 years — established in 1982

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

The prospective buyer should negotiate a structured handover with the seller or current property representative. Subject to agreement, this could include an introduction to the property's history, building layout, existing facilities, maintenance requirements, utility systems, and relevant property documentation.
Additional support could include assistance with understanding applicable permits, zoning requirements, renovation considerations, and local regulatory obligations. Introductions to existing maintenance contractors or service providers may also be arranged where appropriate and available.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Installments payment can be discussed

Furniture / Fixtures value:
$-1 - included in the asking price
Relocatable:
This business can be relocated