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Dainelle Scott

Team Owner | Rise Property Group | Keller Williams Boerne | PLACE

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1619 Main St , Junction, TX 78028
$399,900
Est. Payment: $2,046.58/mo
0 Bed
0 Bath
1216 Sqft
Status: active | Days on site: 57
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Dainelle Scott
Team Owner

House Description

TURNKEY RESTAURANT, REAL ESTATE, BUSINESS & EQUIPMENT INCLUDED! Rare opportunity to own one of the Texas Hill Country's most recognizable restaurants. The Milky Way is a long-established, profitable business offering real estate, equipment, furnishings, and goodwill all included in the sale. Ideally located on busy Junction Highway with excellent visibility, easy access, and strong traffic exposure, this iconic property has served generations of loyal customers and remains a local landmark. Originally established in the 1950s as a classic drive-in diner, The Milky Way combines nostalgic charm with a proven business model and is fully operational, allowing a new owner to step in and continue immediately. Features include a loyal customer base, strong community presence, ample parking, and immediate income potential, with opportunities to expand through catering, delivery, events, or extended hours. Ideal for an owner-operator or investor seeking an established business with history, profitability, and growth potential. Financial information available to qualified buyers.

Highlights

Listed by Lisa McGehee , 8302855856 Fore Premier Properties , 8302574000. Kerrville Board of REALTORS

Property Type

Commercial Sale

Lot/Acreage
0.36

County

Kimble

Area

86-Kimble County

Neighborhood

Western Addn (KMBL)

Listing ID

124625

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Central,Electric
Fireplaces:
Floor:Tile,Other-See Remarks
Other:Public

Exterior Features

Lot:Level
Garage Capacity:0
Zoning:NONE
Roof:Standing Metal Seam,Wood Joist
Sewer:Public Sewer
Principal Interest
$2,047
Taxes
$255

Home Price

$399,900

Loan Details

30 yrs
6.616%

Down Payment

20%
$79,980
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:
$2,046.58

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,046.58 $254.94 $0.00 $2,301.52
Yearly $24,558.95 $3,059.24 $0.00 $27,618.19
Total $736,768.58 $91,777.05 $0.00 $828,545.63

Today's Rates

30 Year

6.62%

20 Year

6.41%

15 Year

5.98%

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Market insight data is pulled from the same city as the listing being viewed (Junction, 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 Kerrville Board of REALTORS and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-04T23:59:01.000Z

© 2026 Kerrville Board of REALTORS