Renovated Restaurant with Industrial
For Sale
$300,000
216 S Main St, Kemp, TX 75143
Two-story restaurant property with retained historic details, upgraded interiors, commercial kitchen equipment, and flexible support areas.
Property Size2,500 SF
Price / SF$120
Days on Market29
Property Features for 216 S Main St
General Information
Standard status
Active
Size
2,500 SF
Additional Details
Equipment Included
Yes
Amenities
full industrial kitchen
basement
second story room
Building Details
Year Built
1900
Listing Agency:
Keller Williams Prosper Celina
Listed By:
Farrah Zargaran · License #0672874
(214) 550-2793
Source:
Yourdavisteam
Added: Sep 9
Changed: Sep 30
Last Checked: Oct 7 at 1:15PM
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 Keller Williams Prosper Celina
Investment Insights
Based on property information with market context.
This 2,500-square-foot conventional restaurant occupies a two-story building constructed in 1900. The property includes an industrial kitchen with equipment available for continued use, a main dining area, two primary bathrooms, and a separate bathroom serving the upper level. A basement provides delivery and storage space, while the second floor can accommodate office functions or private events.
Recent improvements include new paint, flooring, and electrical upgrades, with historic architectural elements maintained throughout the building. Located at 216 S Main St in Kemp, Texas, the property offers a restaurant-ready configuration with adaptable dining, preparation, storage, and administrative areas.
Recent improvements include new paint, flooring, and electrical upgrades, with historic architectural elements maintained throughout the building. Located at 216 S Main St in Kemp, Texas, the property offers a restaurant-ready configuration with adaptable dining, preparation, storage, and administrative areas.
Key Highlights
- 2,500‑square‑foot restaurant building constructed in 1900
- Industrial kitchen and equipment remain available
- Basement offers delivery access and storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,088
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,760
$321.8K
Cap Rate 7%
$229,829
$229.8K
Cap Rate 9%
$178,756
$178.8K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$24.9K $9.96/SF
− Vacancy
−$1.9K −$0.77/SF
EGI
$23.0K $9.19/SF
− OpEx
−$6.9K −$2.76/SF
NOI
$16.1K $6.44/SF
Area
Kaufman County, TX
Vacancy
7.70%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,760
Cap Rate 7%
$229,829
Cap Rate 9%
$178,756
Alternative Uses
Best Use
Specialty Retail
$638.5K
$558.7K – $744.9K
NOI $44,694 @ 7.0% cap · market cap 14.90%
Second Best
Retail
$595.9K
$521.4K – $695.2K
NOI $41,714 @ 7.0% cap · market cap 13.90%
Theoretical Best
Multifamily LT 5
$31.46M
$27.53M – $36.71M
NOI $2,202,454 @ 7.0% cap · market cap 734.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75143, TX
15,349
Population
7,088
Households
2.2
Avg Household Size
45
Median Age
18%
College-Educated
86%
High-School Grad
181.9 sq mi
ZIP Area
84
Density / Sq Mi
$68,996
Median Household Income
$41,273
Median Earnings
$1,163
Median Rent
$173,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two-story restaurant property with retained historic details, upgraded interiors, commercial kitchen equipment, and flexible support areas.
Where is this conventional restaurant located?
The property is located at 216 S Main St Kemp, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2,500‑square‑foot restaurant building constructed in 1900; Industrial kitchen and equipment remain available; Basement offers delivery access and storage space
