Take a Swig of Firewater

Nightclub up for auction, former owner in hoosegow

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    NEWSLETTERS

    TK
    LoopNet
    Firewater exterior from LoopNet.com auction site.

    Dealing pot can be lucrative.

    The gig allowed one Melvis "Ty" Denman to parlay his take into an ownership stake of Firewater Bar & Grill, a 2.36-acre entertainment complex along Technology Boulevard near interstate 30 and Northwest Highway in Dallas, and that ain’t no low-rent district.

    Alas, for poor Mr. Denman, dealing pot also can land you in jail, giving him 24 years in lockup after his 2008 arrest.

    Take a Tour of the Bar the Feds Are Auctioning

    [DFW] Take a Tour of the Bar the Feds Are Auctioning
    The government is selling a fully operational restaurants seized in a DEA case.

    Now the club sits empty, awaiting new owners. The feds tried to auction off the property early this year but failed to conjure up a decent-enough bid on the assessed asking price of $850,000.

    Since at first they didn’t succeed, the feds will try, try again to auction off Firewater, this time for the low, low price of $650,000. Such a deal!

    Seriously, the place covers more than 8,500 square feet — which divides out to $75.99 per — and includes all the fixtures and equipment necessary for running a club.

    OK, so it’s slightly “distressed,” but not as much as Mr. Denman.

    Bruce Felps owns and operates East Dallas Times, an online community news outlet serving the White Rock Lake area. He’s bid on it but his liquid assets are tied up in, um, liquid assets.