Turnkey Restaurant and Bar
For Sale
Contact for pricing
2016 Main St, Houston, TX 77002
5,000 SF turnkey restaurant and bar in desirable location.
Property Size5,000 SF
Price / SF$286
Days on Market247
Property Features for 2016 Main St
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Retail
Listing Agency:
Partners
Listed By:
Taylor Wynn · License #TX
Source:
Crexi
Added: Feb 2
Changed: Sep 8
Last Checked: Oct 5 at 7:31PM
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 Partners
Investment Insights
Based on property information with market context.
This 5,000 square-foot space is suitable for restaurant or club operators interested in Downtown or Midtown. It is a full turnkey restaurant and bar, featuring a DJ booth and a performance stage for live bands. The space includes full lighting for a dance floor and multiple large LED screens. It is equipped with a walk-in freezer, a walk-in cooler, and a full commercial kitchen. A security camera system is in place. The property is located in the desirable 2016 Main Condos, a 26-story residential tower, at the hard corner of Main Street and Gray Street. It offers easy access to the CBD, Texas Medical Center, Montrose, Museum District, Rice University, and Herman Park. The location is known for its nightlife and is directly on the Metro Main Street Rail Line. HOA dues cover electricity.
Key Highlights
- Full turnkey restaurant and bar ready for you.
- Prime location on hard corner of Main Street and Gray Street in Downtown/Midtown.
- 5,000 SF total space with full commercial kitchen, walk‑in freezer and cooler.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,950
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,539,000
$1.5M
Cap Rate 7%
$1,099,286
$1.1M
Cap Rate 9%
$855,000
$855.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$108.0K $21.60/SF
− Vacancy
−$5.4K −$1.08/SF
EGI
$102.6K $20.52/SF
− OpEx
−$25.7K −$5.13/SF
NOI
$77.0K $15.39/SF
Area
Houston, TX
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,539,000
Cap Rate 7%
$1,099,286
Cap Rate 9%
$855,000
Alternative Uses
Best Use
Specialty Retail
$1.10M
$961.9K – $1.28M
NOI $76,950 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,000 @ 7.0% cap · market cap 6.29%
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
6,915
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77002, TX
19,844
Population
8,960
Households
2.2
Avg Household Size
34
Median Age
37%
College-Educated
86%
High-School Grad
2.0 sq mi
ZIP Area
9,922
Density / Sq Mi
$85,436
Median Household Income
$54,755
Median Earnings
$1,860
Median Rent
$286,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Houston, TX
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Frequently Asked Questions
What type of property is this?
Bar & Pub - 5,000 SF turnkey restaurant and bar in desirable location.
Where is this bar & pub located?
The property is located at 2016 Main St Houston, TX.
What is the asking price?
The asking price for this property is $1,430,000.
What are key features of this property?
This property features: Full turnkey restaurant and bar ready for you.; Prime location on hard corner of Main Street and Gray Street in Downtown/Midtown.; 5,000 SF total space with full commercial kitchen, walk‑in freezer and cooler.
