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    201 N Parkway Dr Alvarado, TX 76009

    For Sale
    $250,000

    Unimproved Land - Alvarado, TX

    Type:Unimproved Land
    Lot size:
    0.63 Acres
    Days on Market:
    161
    Last Refresh:
    Dec 13 at 5:06 am

    Property Features for 201 N Parkway Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R00008209
    Lot size
    0.63 Acres

    Building Details

    Year built
    1980
    Building materials
    Brick, Metal Siding
    Architectural style
    Other

    Lake Homes Realty (205) 985-2991 [email protected]

    Listing agent Gary Wallace (832) 283-3233

    Listing date Jul 6, 2025

    MLS# 20977745 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land with Restaurant

    This property, zoned for commercial use, features an existing 1,125-square-foot building currently leased as a BBQ restaurant. Additionally, there is a 2,400-square-foot covered metal building suitable for outdoor dining. All utilities are available on the property. The site is located on a corner lot and offers additional acreage for further development to suit various business plans. The property comprises approximately 0.36 acres and is the southern half of Property ID R000008209. The total lot size is 0.634 acres.
    Insight Report Location Intelligence

    Current Use by Public Records

    Massey's BBQ Barbecue Restaurant Alvarado Best Garage ... Door Supplier

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Pharmacy Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alvarado
    County
    Johnson
    State
    Texas
    Longitude
    -97.21869481
    Latitude
    32.40850341

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    FAQs

    What type of property is this?
    Conventional restaurant - Commercial land with existing restaurant and outdoor dining area.
    Where is this conventional restaurant located?
    The property is located at 201 N Parkway Dr Alvarado, TX.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Zoned commercial with existing BBQ restaurant lease providing immediate income potential.; - Large 2,400 sqft covered metal building ideal for outdoor dining and events.; - Corner lot location offers high visibility and accessibility.
    (832) 283-3233
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    201 N Parkway Dr Alvarado, TX 76009
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