Restaurant in Historic Whitewright
112 W Grand Street Whitewright, TX 75491
For Sale
$525,000
2500 SF restaurant in downtown Whitewright, Texas for sale.
Property Size2,500 SF
Price / SF$210
Days on Market97
Property Features for 112 W Grand Street
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1911
Listing Agency:
DFW Elite
(214) 642-6969
Listed By:
Sheri Kent · License #0496604
(903) 819-2928
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 17 at 8:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DFW Elite
Investment Insights
Based on property information with market context.
This 2500 square foot restaurant is located in downtown Whitewright. The property is housed in a brick building constructed in 1911. The building is situated next to the Odeum Theater on one side and a martial arts building on the other, which generates a positive amount of foot traffic. The interior features antique brick walls and rustic decor. Original ornate metal ceiling tiles are present above the complete seating area, full bar, and drink station. The restaurant includes his and hers restrooms and a full kitchen with an additional workstation. Staff parking is available in the back alley. The current business, Tejas Mexican Grill, has been family-owned and operated for over 10 years and is open Wednesday through Sunday. The space offers ample opportunity to add a special touch to accommodate your style.
Key Highlights
- 2500 SF Restaurant Space in Downtown Whitewright
- High Foot Traffic Location Next to Odeum Theater
- Historic Brick Building Built in 1911
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
FAQs
What type of property is this?
Conventional restaurant - 2500 SF restaurant in downtown Whitewright, Texas for sale.
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: 2500 SF Restaurant Space in Downtown Whitewright; High Foot Traffic Location Next to Odeum Theater; Historic Brick Building Built in 1911
