2951 Ridgeway Dr, Corsicana, TX
Turnkey restaurant with drive-thru near I-45 and Hwy 287.
- Added:
- May 29, 2025
- Days on Market:
- 394
- Last Refresh:
- May 20 at 8:13 pm
Property Features for 2951 Ridgeway Dr
General Information
- Standard status
- Active
- Size
- 1,758 SF
- Lot size
- 0.65 Acres
- Property subtype
- RETAIL
Listing office Robert Means (903) 594-8880
Listing date May 29, 2025
Source Moodyscre
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 Robert Means
HighLights
- Turnkey QSR/Restaurant with Drive‑Thru
- Excellent Interstate Location at I‑45/Hwy 287 Intersection
- High‑Growth Area Serving Richland Chambers Lake Community
- Strong User Mix with National Restaurant and Hotel Chains
- Opportunity for Owner/Operator or Investor
- Growing Intersection Location
Overview
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 | $43.9k | $24.96 |
| − Vacancy | −$2.2k | −$1.25 |
| EGI | $41.7k | $23.71 |
| − OpEx | −$10.4k | −$5.93 |
| NOI | $31.3k | $17.78 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Corsicana
- County
- Navarro
- State
- Texas
- Longitude
- -96.442597
- Latitude
- 32.0736
