The Lost Well bar likely to close in East Austin

AUSTIN (Austin Business Journal) -- The end of the road is likely near for The Lost Well, an East Austin bar known as a haven for heavy metal that bills itself as “the friendliest bar you’ve ever been too scared to walk into."

The land on which the bar sits at 2421 Webberville Road is set to be sold, bar owner Marcello Murphy said in an Aug. 4 social media post.

Murphy said he had the right of first refusal for the land sale and offered $2.5 million, but property owner Raul...