Standalone Corner Restaurant
2306 W Mile 5 Road Mission, TX 78574
2306 W Mile 5 Road, Mission, TX, 78574
$255,000
For Sale
$255,000
Former restaurant in a standalone corner building in Mission, TX, suitable for a range of business uses.
Property Size1,312 SF
Price / SF$194.36
Days on Market174
Property Features for 2306 W Mile 5 Road
General Information
- Standard status
- Active
- Size
- 1,312 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1999
Listing agency
Blue Diamond Realty Group Llc
(956) 732-7818
Listed by
Kassandra De leon
(956) 732-7818
Source
Xome
Added: Jan 29 Updated: Jul 21 at 3:30PM Checked: Jul 21 at 3:30PM
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 Blue Diamond Realty Group Llc
Investment Insights
Based on property information with market context.
This standalone building was formerly used as a restaurant and is located on a corner lot in Mission, TX. The property is well-suited for buyers looking for a straightforward redevelopment or change-of-use opportunity within an established commercial format.
The building’s standalone configuration and corner-lot placement provide straightforward access for prospective customers and operational flow for a new business concept. The interior and layout have been previously improved for restaurant use, offering a practical base for continued food service or other compatible uses.
For sale and ready for a new owner, this property can support a variety of business uses depending on how you plan to rework the existing space.
The building’s standalone configuration and corner-lot placement provide straightforward access for prospective customers and operational flow for a new business concept. The interior and layout have been previously improved for restaurant use, offering a practical base for continued food service or other compatible uses.
For sale and ready for a new owner, this property can support a variety of business uses depending on how you plan to rework the existing space.
Key Highlights
- Standalone corner building in Mission, TX, formerly used as a restaurant
- Prominent corner lot with strong frontage and city road access
- Paved driveway with 7 parking spaces
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 | $26.9k | $20.52 |
| − Vacancy | −$1.5k | −$1.17 |
| EGI | $25.4k | $19.35 |
| − OpEx | −$6.3k | −$4.84 |
| NOI | $19.0k | $14.51 |
1,312 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$272.0K
$238.0K – $317.4K
NOI $19,041 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$988.2K
$864.7K – $1.15M
NOI $69,175 @ 7.0% cap · market cap 27.13%
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
FAQs
What type of property is this?
Conventional restaurant - Former restaurant in a standalone corner building in Mission, TX, suitable for a range of business uses.
Where is this conventional restaurant located?
The property is located at 2306 W Mile 5 Road Mission, TX.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Standalone corner building in Mission, TX, formerly used as a restaurant; Prominent corner lot with strong frontage and city road access; Paved driveway with 7 parking spaces
