Restaurant and Showroom Investment
711 S 1st Street lot 1 Temple, TX 76504
For Sale
$695,000
LAND - Temple, TX
Property Size3,600 SF
Lot Size0.25 Acres
Price / SF$193.06
Days on Market73
Property Features for 711 S 1st Street lot 1
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- 11791
- Size
- 3,600 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- W S CHAPMAN ADDITION, BLOCK 003, LOT PT 1, 2, (S 50' OF 1 & N 50' OF 2)
- Tax Annual Amount
- 2746
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Additional Structures
- Garage(s)
Listing Agency:
Independence Commercial Real Estate, LLC.
(254) 239-9299
Listed By:
Allen Watson · License #0668998
(972) 989-7714
Added: May 12
Last Checked: Jul 23 at 9:06PM
MLS# 613464
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This investment opportunity features two buildings: a restaurant and an adjacent showroom. The properties are currently leased, providing immediate income. The location offers excellent visibility and a strong traffic count. The property is situated on a lot of 0.2525 acres. The buildings total 3,600 square feet. Located in Temple, Texas, this property is suitable for investors seeking stable cash flow in a high-exposure location.
Key Highlights
- Immediate income from existing leases
- Two‑building investment opportunity (restaurant and showroom)
- Excellent visibility
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.9k | $24.96 |
| − Vacancy | −$4.9k | −$1.37 |
| EGI | $84.9k | $23.59 |
| − OpEx | −$21.2k | −$5.90 |
| NOI | $63.7k | $17.69 |
3,600 SF · lease $24.96/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$909.8K
$796.1K – $1.06M
NOI $63,685 @ 7.0% cap · market cap 9.16%
Second Best
Retail
$696.6K
$609.5K – $812.7K
NOI $48,763 @ 7.0% cap · market cap 7.02%
Theoretical Best
Multifamily LT 5
$40.19M
$35.17M – $46.89M
NOI $2,813,227 @ 7.0% cap · market cap 404.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Galactic Gallery Vape ...
(Bike/Boat/Book/etc) Store
Total Elegance Creations
Hotel & Motel
Similar Off Market Nearby
- T & T Tile Co — Temple, TX 76502
- Mechazar Carpet & Flooring Group — 1207 s 1st st, temple, tx 76501
- Empire Today — 103 w calhoun ave, temple, tx 76501
- Custom Floors & More — Temple, TX 76502
- American Carpet and Tile — Temple, TX 76501
FAQs
What type of property is this?
Showroom - Two-building investment with immediate income in high-traffic location.
Where is this showroom located?
The property is located at 711 S 1st Street lot 1 Temple, TX.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Immediate income from existing leases; Two‑building investment opportunity (restaurant and showroom); Excellent visibility
