Restaurant Building with
230 W 2nd St Freeport, TX
230 W 2nd St, Freeport, TX, 00000
$375,000
For Sale
$375,000
Ready-to-occupy restaurant building with 3 HVAC systems, adjacent concrete parking, and an outdoor patio.
Property Size1,830 SF
Price / SF$204.92
Days on Market12
Property Features for 230 W 2nd St
General Information
- Standard status
- Active
- Size
- 1,830 SF
Listing agency
Greg Flaniken & Assoc.
(979) 299-5019
Listed by
Greg Flaniken
(979) 299-5019
Source
Exprealty
Added: Jul 10 Updated: Jul 21 at 11:54AM Checked: Jul 21 at 11:54AM
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 Greg Flaniken & Assoc.
Investment Insights
Based on property information with market context.
This restaurant building is ready to occupy and is being offered for sale with a list of available “FF & E.” The building measures 1,800 SF and includes three HVAC systems, providing multiple climate-control zones for the space. An adjacent concrete parking area supports customer access, and the property also features an outdoor patio for additional guest seating or service space.
The location is described as close proximity to Port Freeport and supporting businesses, which may support steady demand from nearby commercial activity.
The buyer is responsible for verifying zoning with the City of Freeport, as zoning requirements are not provided in the listing materials.
The location is described as close proximity to Port Freeport and supporting businesses, which may support steady demand from nearby commercial activity.
The buyer is responsible for verifying zoning with the City of Freeport, as zoning requirements are not provided in the listing materials.
Key Highlights
- 800 SF restaurant building ready to occupy
- 3 HVAC systems
- Adjacent concrete parking and an outdoor patio
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 | $37.6k | $20.52 |
| − Vacancy | −$2.1k | −$1.15 |
| EGI | $35.4k | $19.37 |
| − OpEx | −$8.9k | −$4.84 |
| NOI | $26.6k | $14.53 |
1,830 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$379.8K
$332.3K – $443.1K
NOI $26,587 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$22.80M
$19.95M – $26.60M
NOI $1,595,813 @ 7.0% cap · market cap 425.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
Similar Off Market Nearby
- Turn of the Tide Cafe — 320 N Velasco Blvd, Freeport, TX 77541
- Port Cafe — 831 W 2nd St, Freeport, TX 77541
FAQs
What type of property is this?
Conventional restaurant - Ready-to-occupy restaurant building with 3 HVAC systems, adjacent concrete parking, and an outdoor patio.
Where is this conventional restaurant located?
The property is located at 230 W 2nd St Freeport, 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: 800 SF restaurant building ready to occupy; 3 HVAC systems; Adjacent concrete parking and an outdoor patio
