Drive-Through
New
For Sale
$375,000
1524 W 7th Avenue, Corsicana, TX 75110
Restaurant building with separate drive-through and walk-up service windows.
Property Size1,256 SF
Price / SF$298.57
Days on Market5
Property Features for 1524 W 7th Avenue
General Information
Standard status
Active
Size
1,256 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Drive-Thru
Yes
Building Details
Building Size
1,256 SF
Year Built
1984
Stories
1
Units
1
Listing Agency:
Ebby Halliday Realtors
(903) 499-9909
Listed By:
Tammy Carter · License #0499606
(903) 641-5243
Source:
Bourquinrealty
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:22PM
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
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Investment Insights
Based on property information with market context.
Built in 1984, this 1,256-square-foot restaurant property has both a drive-through and a walk-up service window. The metal roof was replaced in 2016, and the parking and drive-through areas have received improvements.
The property is at 1524 W 7th Avenue in Corsicana, Texas, and is zoned Commercial. The existing restaurant configuration and service windows are defining features of the building.
The property is at 1524 W 7th Avenue in Corsicana, Texas, and is zoned Commercial. The existing restaurant configuration and service windows are defining features of the building.
Key Highlights
- 1,256‑square‑foot restaurant building
- Drive‑through and walk‑up service windows
- Metal roof replaced in 2016
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,337
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,740
$446.7K
Cap Rate 7%
$319,100
$319.1K
Cap Rate 9%
$248,189
$248.2K
Market Conditions
NOI Build-Up for 1,256 SF
Gross rent
$31.3K $24.96/SF
− Vacancy
−$1.6K −$1.25/SF
EGI
$29.8K $23.71/SF
− OpEx
−$7.4K −$5.93/SF
NOI
$22.3K $17.78/SF
Area
Navarro County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,740
Cap Rate 7%
$319,100
Cap Rate 9%
$248,189
Alternative Uses
Best Use
Specialty Retail
$319.1K
$279.2K – $372.3K
NOI $22,337 @ 7.0% cap · market cap 5.96%
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 257.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Explore this area
Business Placement
Demographics for 75110, TX
30,336
Population
11,980
Households
2.5
Avg Household Size
35
Median Age
17%
College-Educated
77%
High-School Grad
137.5 sq mi
ZIP Area
221
Density / Sq Mi
$53,053
Median Household Income
$29,804
Median Earnings
$1,043
Median Rent
$169,200
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Restaurant building with separate drive-through and walk-up service windows.
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 $375,000.
What are key features of this property?
This property features: 1,256‑square‑foot restaurant building; Drive‑through and walk‑up service windows; Metal roof replaced in 2016
