Turnkey Bar Business
For Sale
Contact for pricing
3720 TX-35, Fulton, TX 78358
High-visibility commercial property with potential for various business uses.
Property Size4,505 SF
Price / SF$155.16
Days on Market1328
Property Features for 3720 TX-35
General Information
Standard status
Active
Size
4,505 SF
Property subtype
Retail
Building Details
Year Built
1966
Year Renovated
2017
Buildings
1
Tenancy
Single
Listing Agency:
Cravey Real Estate Services Inc
Listed By:
Adam Stern · License #TX 0695443
(361) 739-0808
Source:
Crexi
Added: Mar 10, 2023
Changed: Oct 25
Last Checked: Oct 26 at 3:52PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,938
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,038,760
$1.0M
Cap Rate 7%
$741,971
$742.0K
Cap Rate 9%
$577,089
$577.1K
Market Conditions
NOI Build-Up for 4,505 SF
Gross rent
$81.1K $18.00/SF
− Vacancy
−$6.9K −$1.53/SF
EGI
$74.2K $16.47/SF
− OpEx
−$22.3K −$4.94/SF
NOI
$51.9K $11.53/SF
Area
Aransas County, TX
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,038,760
Cap Rate 7%
$741,971
Cap Rate 9%
$577,089
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 78358, TX
1,137
Population
528
Households
2.2
Avg Household Size
60
Median Age
35%
College-Educated
97%
High-School Grad
0.8 sq mi
ZIP Area
1,421
Density / Sq Mi
$75,694
Median Household Income
$38,750
Median Earnings
$1,175
Median Rent
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
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.
