Turnkey Restaurant
For Sale
$395,000
500 E Cano St, Edinburg, TX 78539
Turnkey restaurant setup includes a pre-installed range hood and grease trap, with ample on-site parking.
Property Size2,584 SF
Price / SF$152.86
Days on Market185
Property Features for 500 E Cano St
General Information
Standard status
Active
Size
2,584 SF
Restaurant
Commercial Hood
Yes
Grease Trap
Yes
Building Details
Year Built
1982
Listing Agency:
Eric Real Estate Group, LLC
Listed By:
Eric I. Jimenez
(956) 292-4500
Source:
Aregtx
Added: Apr 24
Changed: Oct 10
Last Checked: Oct 7 at 5:33PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$33,343
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,860
$666.9K
Cap Rate 7%
$476,329
$476.3K
Cap Rate 9%
$370,478
$370.5K
Market Conditions
NOI Build-Up for 2,584 SF
Gross rent
$48.1K $18.60/SF
− Vacancy
−$3.6K −$1.40/SF
EGI
$44.5K $17.21/SF
− OpEx
−$11.1K −$4.30/SF
NOI
$33.3K $12.90/SF
Area
Edinburg, TX
Vacancy
7.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,860
Cap Rate 7%
$476,329
Cap Rate 9%
$370,478
Alternative Uses
Best Use
Specialty Retail
$476.3K
$416.8K – $555.7K
NOI $33,343 @ 7.0% cap · market cap 8.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$670.5K
$586.7K – $782.2K
NOI $46,934 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
1,201
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78539, TX
37,686
Population
15,759
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
84%
High-School Grad
12.2 sq mi
ZIP Area
3,089
Density / Sq Mi
$64,864
Median Household Income
$38,413
Median Earnings
$1,034
Median Rent
$198,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- De Cache Restaurant — 417 E Schunior St #2, Edinburg, TX 78541
Frequently Asked Questions
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 St Edinburg, TX.
What is the asking price?
The asking price for this property is $395,000.
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.
