Full-Service Steakhouse Restaurant
For Sale
$625,000
520 SE 24TH Avenue, Perryton, TX 79070
COMMERCIAL - Perryton, TX
Property Size37,030 SF
Price / SF$16.88
Days on Market51
Property Features for 520 SE 24TH Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
7000 - All areas in the 7000's
Directions
From Main St. turn right on Se 24th property is on the right.
Subdivision
7230 - Perryton
Standard status
Active
Size
37,030 SF
Taxes and HOA fees
Tax Description
LOT 1 BLK 1 PERR CLUB
Legal Description
LOT 1 BLK 1 PERR CLUB
Building Details
Year built
1970
Building materials
Brick Veneer
Listing Agency:
FIMC Commercial Realty
(806) 358-7151
Listed By:
Kirk Chudej · License #604402
(806) 358-7151
Added: Jun 23
Changed: Aug 4
Last Checked: Aug 12 at 10:06AM
MLS# 26-3231
Copyright © 2026 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering features Broken Horn Steakhouse, presented as a full-service steakhouse with event-oriented hospitality use. The package is marketed as business and real estate sold together, creating a built-in operating platform for an owner-operator or a hospitality buyer looking to manage the concept. The property size is listed at 37,030 square feet, supporting restaurant and hospitality activities within a single ownership structure.
The asset is located at 520 SE 24TH Avenue in Perryton, Texas, in Ochlitree County (ZIP 79070-5204). The provided materials describe the deal as underwritten on an illustrative real estate price basis of $650,000, with trailing net operating income of approximately $71,000 and an implied real estate cap rate of approximately 10.9%.
For tenants, buyers, or operators, the key consideration is the restaurant-and-events orientation combined with the fact that the business is included in the sale. Prospective purchasers should review the operating model and event programming fit, along with the property’s size and layout as it supports full-service service standards. For investors, the materials frame the real estate valuation using the illustrative figures provided, rather than projecting additional performance beyond the stated underwrite inputs.
The asset is located at 520 SE 24TH Avenue in Perryton, Texas, in Ochlitree County (ZIP 79070-5204). The provided materials describe the deal as underwritten on an illustrative real estate price basis of $650,000, with trailing net operating income of approximately $71,000 and an implied real estate cap rate of approximately 10.9%.
For tenants, buyers, or operators, the key consideration is the restaurant-and-events orientation combined with the fact that the business is included in the sale. Prospective purchasers should review the operating model and event programming fit, along with the property’s size and layout as it supports full-service service standards. For investors, the materials frame the real estate valuation using the illustrative figures provided, rather than projecting additional performance beyond the stated underwrite inputs.
Key Highlights
- Full‑service Broken Horn Steakhouse hospitality asset in Perryton, Texas
- Brick veneer construction
- Year built: 1970
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
19k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Dining 14%
Hotels & Casinos 14%
Toot'n Totum
Shops & Services
9,834 visits/mo
0.3 miles
Texaco
Shops & Services
3,923 visits/mo
0.4 miles
SUBWAY
Dining
2,700 visits/mo
0.4 miles
Baymont By Wyndham Perryton
Hotels & Casinos
1,763 visits/mo
0.4 miles
Holiday Inn Express & Suites Perryton
Hotels & Casinos
847 visits/mo
0.4 miles
Demographics for 79070, TX
9,671
Population
4,210
Households
2.3
Avg Household Size
34
Median Age
19%
College-Educated
81%
High-School Grad
865.1 sq mi
ZIP Area
11
Density / Sq Mi
$64,988
Median Household Income
$44,279
Median Earnings
$905
Median Rent
$135,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- China Buffet — 2802 S Main St, Perryton, TX 79070
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Full-service steakhouse and event-oriented hospitality asset, offered with business and real estate sold together.
Where is this conventional restaurant located?
The property is located at 520 SE 24TH Avenue Perryton, TX.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Full‑service Broken Horn Steakhouse hospitality asset in Perryton, Texas; Brick veneer construction; Year built: 1970
