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    1601 1St St Palacios, TX 77465

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    For Sale
    $550,000

    Restaurant and home on 3 acres near medical center.

    Property size:
    5,756 SF
    Lot size:
    2.96 Acres

    Property Features for 1601 1St St

    General Information

    Size
    5,756 SF
    Lot size
    2.96 Acres

    Source: Coldwell Banker Commercial Realty Agent Quenton Rockwell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Palacios Restaurant & Acreage Opportunity

    Located at 1601 1st Street in Palacios, TX, this property features a restaurant and a manufactured home on approximately 3 acres. The property is situated across the street from Palacios Community Medical Center. The restaurant space is ready for a new concept or continued use. The current tenant is on a month-to-month contract. The manufactured home on-site can be used for owner-occupancy, rental income, or staff housing. The approximately 3 acres provide expansion potential or redevelopment opportunities. The property offers multiple potential revenue streams and flexibility for entrepreneurs and investors alike.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mi Casa Mexican ... Mexican Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Palacios
    County
    Matagorda
    State
    Texas
    Longitude
    -96.210469
    Latitude
    28.718258

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    FAQs

    What type of property is this?
    Restaurant - Restaurant and home on 3 acres near medical center.
    Where is this restaurant located?
    The property is located at 1601 1St St Palacios, TX.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Income-producing restaurant space with current average rents over $6,000/month.; - Approximately 3 acres offering **expansion or redevelopment potential.**; - **Prime location** across the street from Palacios Community Medical Center.
    (832) 877-2703
    Request Owner's contact information
    1601 1St St Palacios, TX 77465
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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
    1601 1St St Palacios, TX 77465
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