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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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420 S Commercial Ave , Coleman, TX 76834
$995,000
Est. Payment: $5,122.69/mo
0 Bed
0 Bath
4275 Sqft
Status: active | Days on site: 189
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Discover an exceptional opportunity to own a premier dining destination in the heart of downtown Coleman, Texas. Smokesmith BBQ blends upscale Texas charm with refined culinary appeal, offering a turnkey operation for investors or restaurateurs seeking a standout property in a thriving small town market. Situated on a prominent, high visibility corner, the building features a striking exterior presence and ample parking out front, welcoming both locals and travelers. Inside, guests are greeted by a warm, contemporary design that elevates the classic Texas smokehouse experience—rich wood accents, polished concrete floors, custom lighting, and thoughtfully curated décor that creates an inviting yet sophisticated atmosphere. The spacious dining room accommodates large parties and intimate gatherings alike, while the bar area provides an ideal setting for craft cocktails, local brews, and pre-dinner socializing. A fully equipped commercial kitchen—complete with state of the art smokers, prep stations, and high capacity refrigeration—supports high volume service and specialty BBQ production. There is potential to further develop an outdoor seating area into an open-air environment perfect for dining, as well as an intimate live music setting that could help generate additional income. With its prime location, upscale build out, and reputation-ready layout, this property is perfectly positioned to become Coleman’s next landmark dining establishment. Whether continuing the BBQ tradition or introducing a new culinary concept, the possibilities are as bold as Texas itself!

Highlights

Listed by Marsha Spinks , Liveoak Land & Real Estate , North Texas Real Estate Information Systems

Property Type

Commercial Sale

Lot/Acreage
0.17

Year Built

1980

County

Coleman

Neighborhood

Original Town Coleman

Listing ID

21170879

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Ceiling Fan(s),Central Air,Electric
Fireplaces:
Floor:Concrete

Exterior Features

Lot:Less Than .5 Acre (not Zero)
Zoning:Commercial, City Limits
Roof:Flat
Others:
  • Additional:Preowned
Parking Features:Asphalt,On Street
Principal Interest
$5,123
Taxes
$202

Home Price

$995,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$199,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,122.69

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,122.69 $201.92 $0.00 $5,324.61
Yearly $61,472.31 $2,423.00 $0.00 $63,895.31
Total $1,844,169.16 $72,690.00 $0.00 $1,916,859.16

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Coleman, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T23:23:04.180Z

© 2026 North Texas Real Estate Information Systems