Property profile

140 W Main St Itasca, TX 76055

FOR LEASE
Commercial real estate
Property ID
US82-6443004
2,100 SF 0.05 ac lot Built 1910
Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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140 W Main St, Itasca, TX 76055 For Lease
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140 W Main St, Itasca, TX 76055
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Property summary

AI-generated overview

Prime restaurant space available for lease in the heart of Itasca, Texas. This 2,100 square foot establishment is situated on a 0.05-acre lot at 140 W Main Street, offering excellent visibility and accessibility due to its downtown location and proximity to high-traffic commuting routes and other local businesses. The property is currently set up as a pizza restaurant and includes several key operational features already in place. These include a fully functional vent hood, ample seating (tables and chairs), a cash register, a three-compartment sink, a dedicated prep area, an ice machine, and multiple refrigerators and freezers. While the current owner will be removing the pizza oven, dough roller, dough mixer, and prep table, the remaining equipment provides a solid foundation for a variety of culinary concepts. The space presents a fantastic opportunity for an established restaurant looking to expand or a new venture seeking a ready-to-use location with existing infrastructure. The asking lease price is $200,000. This is a rare opportunity to acquire a well-equipped restaurant space in a desirable location. Serious inquiries only.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1910
Total area 2,100 SF
Lot 0.05 ac (2,004 SF)
APN 119543
UPID US82-6443004

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

140 W Main St Itasca, TX 76055
Itasca metro Census 960100
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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