Downtown Restaurant
112 W Grand Street, Whitewright, TX 75491
COMMERCIAL - Whitewright, TX
Property size:
2,500 SFLot size:
0.08 AcresPrice / SF:
$210/SF- Added:
- Mar 31, 2026
- Days on Market:
- 65
- Last Refresh:
- Jun 3 at 12:06 am
Property Features for 112 W Grand Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Open, Alley, 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
- Electric, Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1911
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Carpet, Hardwood, Linoleum
- Building materials
- Brick
Listing agent Sheri Kent License #0496604 (214) 642-6969
Listing office DFW Elite Dallas, TX (214) 642-6969
Listing date Mar 31, 2026
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.
HighLights
- 2,500 SF restaurant space in downtown Whitewright, currently Tejas Mexican Grill
- Brick building built in 1911
- Dining area with full bar and drink station, plus ornate original metal ceiling tile work
- Full kitchen with an additional work station and seating area
- Hi s & hers restrooms
- Public water and public sewer; parking includes on‑street and back alley (staff) parking
Overview
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.
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 Profile
Location Intelligence
Current Use by Public Records
Tejas Mexican Grill
Restaurant
Location Insight
- Map
- Local Demand
- City
- Whitewright
- County
- Grayson
- State
- Texas
- Longitude
- -96.3930224
- Latitude
- 33.5128856
Nearby Similar for Sale
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: 2,500 SF restaurant space in downtown Whitewright, currently Tejas Mexican Grill; Brick building built in 1911; Dining area with full bar and drink station, plus ornate original metal ceiling tile work
