Turnkey Bar Business
3720 TX-35 Fulton, TX 78358
3720 TX-35, Fulton, TX, 78358
Contact for pricing
For Sale
Contact for pricing
High-visibility commercial property with potential for various business uses.
Property Size4,505 SF
Price / SF$155.16
Days on Market1229
Property Features for 3720 TX-35
General Information
- Standard status
- Active
- Size
- 4,505 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1966
Listing agency
Cravey Real Estate Services Inc
(361) 289-5168
Listed by
Adam Stern · License #TX 0695443
Source
Crexi
Added: Mar 10, 2023 Updated: Jul 6 at 8:15AM Checked: Jul 17 at 2:18PM
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 Cravey Real Estate Services Inc
Investment Insights
Based on property information with market context.
This commercial property offers high visibility and traffic, with convenient highway access and a large parking lot at the rear. The roof was replaced in 2017. The property spans 4,505 square feet. The sellers may include their turnkey bar business, or the open floor plan could be converted for numerous other business uses. The location benefits from its proximity to the water. Owner financing may be available at 3.5% with approved credit.
Key Highlights
- High visibility and traffic count location ideal for various businesses.
- Turnkey bar business included (at seller's discretion) or opportunity for open floor plan conversion.
- Easy highway access and large parking lot.
Local Financial Insights For 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 | $81.1k | $18.00 |
| − Vacancy | −$6.9k | −$1.53 |
| EGI | $74.2k | $16.47 |
| − OpEx | −$22.3k | −$4.94 |
| NOI | $51.9k | $11.53 |
4,505 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$923.0K
$807.7K – $1.08M
NOI $64,613 @ 7.0% cap · market cap 9.24%
Second Best
Retail
$742.0K
$649.2K – $865.6K
NOI $51,938 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,550 @ 7.0% cap · market cap 17.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - High-visibility commercial property with potential for various business uses.
Where is this retail space located?
The property is located at 3720 TX-35 Fulton, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: High visibility and traffic count location ideal for various businesses.; Turnkey bar business included (at seller's discretion) or opportunity for open floor plan conversion.; Easy highway access and large parking lot.
