Restaurant with Beer Garden
31083 Us Highway 377 Gordonville, TX 76245
New
For Sale
$595,000
Restaurant front with on-site parking on US Hwy 377, set up for dining and entertainment space.
Days on Market3
Property Features for 31083 Us Highway 377
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1998
Listing Agency:
SANDERS REAL ESTATE
(903) 564-3426
Listed By:
JON SANDERS · License #0501531
(903) 564-3426
Source:
Fullhouserealtytx
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 29 at 5:19AM
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 SANDERS REAL ESTATE
Investment Insights
Based on property information with market context.
This property is configured for a restaurant, with room for live bands and an outdoor beer garden and entertainment area. The site includes surrounding parking to support ongoing customer traffic.
The restaurant front provides commercial visibility along US Hwy 377. The location is described as just minutes from Lake Texoma, including Rock Creek Resort and Golf Course, Megastar Casino, and multiple marinas on the west side of the lake.
The property sits on over 2 acres, offering an expansive parking layout around the building to accommodate events and entertainment alongside restaurant service.
The restaurant front provides commercial visibility along US Hwy 377. The location is described as just minutes from Lake Texoma, including Rock Creek Resort and Golf Course, Megastar Casino, and multiple marinas on the west side of the lake.
The property sits on over 2 acres, offering an expansive parking layout around the building to accommodate events and entertainment alongside restaurant service.
Key Highlights
- Commercial restaurant front with visibility on US Hwy 377
- Built in 1998
- Located on over 2 acres with plenty of surrounding on‑site parking
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 | $49.9k | $24.96 |
| − Vacancy | −$2.5k | −$1.25 |
| EGI | $47.4k | $23.71 |
| − OpEx | −$11.9k | −$5.93 |
| NOI | $35.6k | $17.78 |
2,000 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$508.1K
$444.6K – $592.8K
NOI $35,568 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.03M
$897.8K – $1.20M
NOI $71,820 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant front with on-site parking on US Hwy 377, set up for dining and entertainment space.
Where is this conventional restaurant located?
The property is located at 31083 Us Highway 377 Gordonville, TX.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Commercial restaurant front with visibility on US Hwy 377; Built in 1998; Located on over 2 acres with plenty of surrounding on‑site parking
