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    2951 Ridgeway Dr Corsicana, TX 75109

    Sponsored
    For Sale
    $599,000

    Turnkey Interstate QSR, high traffic location.

    Property size:
    1,984 SF

    Description

    Added:
    Feb 16, 2025
    Days on Market:
    325
    This exceptional Class A retail property, located at 2951 Ridgeway Dr, Corsicana, TX 75109, presents a unique investment opportunity. The 1,984 square foot building, constructed in 2010, sits on a 0.65-acre lot and is zoned for commercial use. Its ideal location at the intersection of I-45 and Hwy 287 offers unparalleled visibility and accessibility, benefiting from the high traffic volume associated with this major thoroughfare. The property's strategic position provides easy access to the rapidly expanding Richland Chambers lake community. This turnkey QSR/Restaurant boasts a convenient drive-thru, making it an attractive option for a variety of food service businesses. The building's existing infrastructure and design are well-suited for immediate occupancy, minimizing upfront investment and maximizing return. The asking price is $599,000. This property is situated in a thriving commercial area, surrounded by established national brands including Chick-fil-A, Starbucks, Taco Bell, Sonic, Denny's, Wendy's, Schlotzsky's, Whataburger, Hampton Inn, Holiday Inn, and Panda Express, indicating a strong and diverse customer base. This presents a compelling opportunity for owner-operators and investors seeking a high-traffic, established location within a successful commercial environment. The single-unit building offers a streamlined operational model, simplifying management and maximizing efficiency.

    Property Features for 2951 Ridgeway Dr

    General Information

    Property type
    Restaurants
    Square Feet
    1,984 SF
    Class
    A
    Lot Size
    28,314 SF

    Building Details

    Year Built
    2010
    Units
    1

    HighLights

    • $599,000 asking price for a 1,984 SF Class A retail building.
    • Located at 2951 Ridgeway Dr, Corsicana, TX 75109, on a 0.65‑acre lot.
    • QSR/Fast Food restaurant with drive‑thru, built in 2010.
    • Turnkey building in a high‑traffic location at the I‑45/Hwy 287 intersection, near Richland Chambers Lake.
    • Strong tenant mix includes Chick‑fil‑A, Starbucks, Taco Bell, and other national brands.
    Property Profile Location Intelligence

    Current Use by Public Records

    Subway Sandwich Shop

    Suggested Use

    Restaurant Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Auto Parts Store Hotel & Motel Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Corsicana
    County
    Navarro
    State
    Texas
    Longitude
    -96.4425686
    Latitude
    32.0735107

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    FAQs

    What type of property is this?
    Restaurant - Turnkey Interstate QSR, high traffic location.
    Where is this restaurant located?
    The property is located at 2951 Ridgeway Dr Corsicana, TX.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: $599,000 asking price for a 1,984 SF Class A retail building.; Located at 2951 Ridgeway Dr, Corsicana, TX 75109, on a 0.65-acre lot.; QSR/Fast Food restaurant with drive-thru, built in 2010.
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    2951 Ridgeway Dr Corsicana, TX 75109
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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
    2951 Ridgeway Dr Corsicana, TX 75109
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