Turnkey Restaurant
500 E Cano Street Edinburg, TX 78539
For Sale
$479,000
Turnkey restaurant setup includes a pre-installed range hood and grease trap, with ample on-site parking.
Property Size2,584 SF
Price / SF$185.37
Days on Market193
Property Features for 500 E Cano Street
General Information
- Standard status
- Active
- Size
- 2,584 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1982
Listing Agency:
Eric Real Estate Group, Llc
(956) 292-4500
Listed By:
Eric Jimenez
(956) 292-4500
Source:
Xome
Added: Jan 12
Changed: Jul 21
Last Checked: Jul 24 at 5:50AM
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 Eric Real Estate Group, Llc
Investment Insights
Based on property information with market context.
This versatile commercial property is set up for food service and offered turnkey. The space includes a pre-installed range hood and a grease trap already in place, supporting day-one restaurant operations. Ample on-site parking is available for customers and staff.
Located at 500 E Cano Street in Edinburg, the property sits just steps from the Hidalgo County Courthouse, with consistent foot traffic from legal professionals, county employees, and daily visitors. The location is designed to support visibility and recurring demand in a dense professional area.
While equipped for a culinary concept, the layout is also described as adaptable for other uses, offering flexibility for an incoming operator.
Located at 500 E Cano Street in Edinburg, the property sits just steps from the Hidalgo County Courthouse, with consistent foot traffic from legal professionals, county employees, and daily visitors. The location is designed to support visibility and recurring demand in a dense professional area.
While equipped for a culinary concept, the layout is also described as adaptable for other uses, offering flexibility for an incoming operator.
Key Highlights
- Commercial property on Cano Street in Edinburg, steps from the Hidalgo County Courthouse.
- Turnkey restaurant setup includes a pre‑installed range hood and a grease trap.
- On‑site parking for 15 vehicles with a paved driveway.
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 | $48.1k | $18.60 |
| − Vacancy | −$3.6k | −$1.40 |
| EGI | $44.5k | $17.21 |
| − OpEx | −$11.1k | −$4.30 |
| NOI | $33.3k | $12.90 |
2,584 SF · lease $18.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$476.3K
$416.8K – $555.7K
NOI $33,343 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$670.5K
$586.7K – $782.2K
NOI $46,934 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar Off Market Nearby
- De Cache Restaurant — 417 E Schunior St #2, Edinburg, TX 78541
FAQs
What type of property is this?
Conventional restaurant - Turnkey restaurant setup includes a pre-installed range hood and grease trap, with ample on-site parking.
Where is this conventional restaurant located?
The property is located at 500 E Cano Street Edinburg, TX.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Commercial property on Cano Street in Edinburg, steps from the Hidalgo County Courthouse.; Turnkey restaurant setup includes a pre‑installed range hood and a grease trap.; On‑site parking for 15 vehicles with a paved driveway.
