Downtown Restaurant
112 W Grand Street Whitewright, TX 75491
112 W Grand Street, Whitewright, TX, 75491
$525,000
For Sale
$525,000
COMMERCIAL - Whitewright, TX
Property Size2,500 SF
Lot Size0.08 Acres
Price / SF$210
Days on Market110
Property Features for 112 W Grand Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Alley, Open, On Street
- Standard status
- Active
- APN
- 171283
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Description
- OTP WHITEWRIGHT, BLOCK 15, LOT 27, ACRES .081
- Tax Annual Amount
- 3398
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air, Ceiling Fan(s), Electric
- Water source
- Public
Building Details
- Year built
- 1911
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Hardwood, Carpet, Linoleum
- Building materials
- Brick
Listing Agency
DFW Elite
(214) 642-6969
Dallas, TX
Listed by
Sheri Kent · License #0496604
(214) 642-6969
Added: Mar 31 Checked: Jul 18 at 2:06 am
MLS# 21222948
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This for-sale restaurant property is a 2,500 SF brick building constructed in 1911. Inside, the space features antique brick walls and rustic decor throughout, with original ornate metal ceiling tiles above the complete seating area, full bar, and drink station. The layout includes a full kitchen with an additional work station, as well as separate His and Hers restrooms. There is also back-alley parking for staff, supporting day-to-day operations. The property is currently operating as Tejas Mexican Grill, and showings require an appointment.
Located in downtown Whitewright, the building sits next to the Odeum Theater on one side and the martial arts building on the other. This positioning is intended to generate a strong amount of foot traffic through the area. The business is currently open Wednesday through Sunday.
For buyers or investors, the combination of an established operating restaurant and a layout built around dining, bar service, and a working kitchen can support continued restaurant use. The historic character, including the original ceiling details and antique brick interior, may also appeal to operators looking for a turnkey environment with existing restaurant infrastructure.
Located in downtown Whitewright, the building sits next to the Odeum Theater on one side and the martial arts building on the other. This positioning is intended to generate a strong amount of foot traffic through the area. The business is currently open Wednesday through Sunday.
For buyers or investors, the combination of an established operating restaurant and a layout built around dining, bar service, and a working kitchen can support continued restaurant use. The historic character, including the original ceiling details and antique brick interior, may also appeal to operators looking for a turnkey environment with existing restaurant infrastructure.
Key Highlights
- Brick restaurant building built in 1911 with approx. 2,500 SF
- Currently operating as Tejas Mexican Grill (open Wednesday through Sunday); showings by appointment
- Original ornate metal ceiling tiles above the seating area, plus full bar and drink station
Local 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 | $62.4k | $24.96 |
| − Vacancy | −$3.1k | −$1.25 |
| EGI | $59.3k | $23.71 |
| − OpEx | −$14.8k | −$5.93 |
| NOI | $44.5k | $17.78 |
2,500 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$635.1K
$555.8K – $741.0K
NOI $44,460 @ 7.0% cap · market cap 8.47%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.28M
$1.12M – $1.50M
NOI $89,775 @ 7.0% cap · market cap 17.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tejas Mexican Grill
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Historic brick restaurant building with full kitchen, bar, and seating space in downtown Whitewright.
Where is this conventional restaurant located?
The property is located at 112 W Grand Street Whitewright, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Brick restaurant building built in 1911 with approx. 2,500 SF; Currently operating as Tejas Mexican Grill (open Wednesday through Sunday); showings by appointment; Original ornate metal ceiling tiles above the seating area, plus full bar and drink station
