Drive-Through Restaurant
1524 W 7th Avenue Corsicana, TX 75110
1524 W 7th Avenue, Corsicana, TX, 75110
$450,000
For Sale
$450,000
Former Sonic building with a drive-through and walk-up window for streamlined customer service and quick access.
Property Size1,256 SF
Price / SF$358.28
Days on Market44
Property Features for 1524 W 7th Avenue
General Information
- Standard status
- Active
- Size
- 1,256 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1984
Listing Agency
Ebby Halliday Realtors
(903) 641-5243
Listed by
Tammy Carter · License #0499606
(903) 641-5243
Source
Signaturere
Added: Jun 5 Checked: Jul 17 at 8:29 am
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 Ebby Halliday Realtors
Investment Insights
Based on property information with market context.
This property is a former Sonic restaurant building configured with both a drive-through and a walk-up window to support convenient ordering and service. Updates include a replaced metal roof in 2016, along with additional improvements to the parking and drive-through areas.
The building is positioned on West 7th Avenue in Corsicana and is described as having strong visibility with high daily traffic counts. The existing site layout is geared toward customer approach and circulation through the drive-through.
The drive-through setup and restaurant-oriented configuration make the property well-suited for operators looking for immediate infrastructure for food service or a similar quick-serve concept. It may also fit businesses interested in leveraging the established customer access points and on-site parking improvements while tailoring the interior to a new use such as retail or a different food and beverage format, subject to applicable requirements.
The building is positioned on West 7th Avenue in Corsicana and is described as having strong visibility with high daily traffic counts. The existing site layout is geared toward customer approach and circulation through the drive-through.
The drive-through setup and restaurant-oriented configuration make the property well-suited for operators looking for immediate infrastructure for food service or a similar quick-serve concept. It may also fit businesses interested in leveraging the established customer access points and on-site parking improvements while tailoring the interior to a new use such as retail or a different food and beverage format, subject to applicable requirements.
Key Highlights
- Former Sonic building (1984) on busy West 7th Avenue in Corsicana
- Drive‑through and walk‑up window setup for customer access
- Metal roof replaced in 2016
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 | $31.3k | $24.96 |
| − Vacancy | −$1.6k | −$1.25 |
| EGI | $29.8k | $23.71 |
| − OpEx | −$7.4k | −$5.93 |
| NOI | $22.3k | $17.78 |
1,256 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$319.1K
$279.2K – $372.3K
NOI $22,337 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$13.80M
$12.07M – $16.10M
NOI $965,893 @ 7.0% cap · market cap 214.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Drive through restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Former Sonic building with a drive-through and walk-up window for streamlined customer service and quick access.
Where is this drive through restaurant located?
The property is located at 1524 W 7th Avenue Corsicana, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Former Sonic building (1984) on busy West 7th Avenue in Corsicana; Drive‑through and walk‑up window setup for customer access; Metal roof replaced in 2016
