Second-Generation Restaurant with
For Sale
Contact for pricing
313 N Main St, Elgin, TX 78621
Second-generation restaurant includes a grease trap, vent hood, and a patio with ample yard space.
Property Size2,050 SF
Price / SF$243.90
Days on Market106
Property Features for 313 N Main St
General Information
Standard status
Active
Size
2,050 SF
Property subtype
RETAIL
Restaurant
Commercial Hood
Yes
Grease Trap
Yes
Additional Details
Road Access
Yes
Amenities
yard space with patio
public parking
visibility
signage
Listing Agency:
RESOLUT RE - Austin
(512) 474-5557
Listed By:
Austin Aguilar · License #637336
(512) 474-5557
Source:
Moodyscre
Added: Apr 16
Changed: Jul 26
Last Checked: Jul 30 at 1:00PM
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 RESOLUT RE - Austin
Investment Insights
Based on property information with market context.
This second-generation restaurant is set up for food service, with an existing grease trap and vent hood already in place. It also offers an outdoor patio and ample yard space for guest seating or operations that benefit from additional exterior area.
Located at 313 N Main St in Downtown Elgin, the property sits on the main drag and is supported by public parking. The site is positioned for visibility with signage, which can help support walk-in traffic and brand exposure in the daytime and evening business flow.
Located at 313 N Main St in Downtown Elgin, the property sits on the main drag and is supported by public parking. The site is positioned for visibility with signage, which can help support walk-in traffic and brand exposure in the daytime and evening business flow.
Key Highlights
- Second‑generation restaurant with grease trap and vent hood
- Includes patio and ample yard space
- Public parking available
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 | $53.4k | $26.04 |
| − Vacancy | −$1.8k | −$0.89 |
| EGI | $51.6k | $25.15 |
| − OpEx | −$12.9k | −$6.29 |
| NOI | $38.7k | $18.87 |
2,050 SF · lease $26.04/SF/yr · vacancy 3.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$552.5K
$483.4K – $644.6K
NOI $38,675 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$803.3K
$702.9K – $937.2K
NOI $56,233 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78621, TX
27,275
Population
10,671
Households
2.6
Avg Household Size
36
Median Age
24%
College-Educated
81%
High-School Grad
177.7 sq mi
ZIP Area
153
Density / Sq Mi
$88,246
Median Household Income
$48,955
Median Earnings
$1,317
Median Rent
$262,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Second-generation restaurant includes a grease trap, vent hood, and a patio with ample yard space.
Where is this conventional restaurant located?
The property is located at 313 N Main St Elgin, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Second‑generation restaurant with grease trap and vent hood; Includes patio and ample yard space; Public parking available
