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    412 Mile 3 Alton, TX 78573

    For Sale
    $1,299,000

    Established Mexican Restaurant, Prime Location

    Property size:
    18,838 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional turnkey restaurant opportunity in Alton, Texas, presents a rare chance to acquire a thriving business in a prime commercial location. Situated at 412 W Mile 3, the property boasts a 3,048 square foot building on a 0.81-acre lot, offering significant expansion potential. Established in 2007, this well-regarded Mexican restaurant benefits from an existing loyal clientele and a proven track record of success. The property features attractive tile flooring throughout, multiple private event rooms ideal for celebrations or private dining, and a convenient drive-thru for added customer convenience. Ample parking is available with over 30 spaces. All restaurant equipment is included in the sale, allowing for a seamless transition and immediate commencement of operations. The building is located in a rapidly growing commercial area near the intersection of Conway and 3 Mile, ensuring high visibility and accessibility. The total building size is 18,838 square feet, presenting a significant opportunity for expansion or diversification of the existing business. This is a truly remarkable opportunity for an experienced restaurateur or a savvy investor seeking a profitable and established business with significant growth potential. The asking price for this exceptional property is $1,299,000.

    Property Features for 412 Mile 3

    General Information

    Property type
    Other commercial real estate
    Square Feet
    18,838 SF
    Lot Size
    35,284 SF

    Building Details

    Year Built
    1988
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3227
    Latitude
    26.25942

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    FAQs

    What type of property is this?
    Commercial real estate - Established Mexican Restaurant, Prime Location
    Where is this commercial real estate located?
    The property is located at 412 Mile 3 Alton, TX.
    What is the asking price?
    The asking price for this property is $1,299,000.
    (956) 342-0034
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    412 Mile 3 Alton, TX 78573
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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
    412 Mile 3 Alton, TX 78573
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