Turnkey Restaurant with
983 Highway 123 Seguin, TX 78155
983 Highway 123, Seguin, TX, 78155
$2,200,000
For Sale
$2,200,000
Turnkey restaurant on 1.49 acres with a fully equipped kitchen, walk-in coolers, and a spacious outdoor patio.
Property Size7,960 SF
Lot Size1.49 Acres
Price / SF$276.38
Days on Market280
Property Features for 983 Highway 123
General Information
- Standard status
- Active
- Size
- 7,960 SF
- Lot size
- 1.49 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1996
Listing agency
Jb Goodwin, Realtors
(830) 643-4811
Listed by
Cody Cravens · License #739241
(830) 643-4811
Source
Southtexasrealtyservices
Added: Oct 16, 2025 Updated: Jul 22 at 3:45AM Checked: Jul 22 at 3:45AM
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 Jb Goodwin, Realtors
Investment Insights
Based on property information with market context.
This 7,960-square-foot turnkey restaurant property is set on 1.49 acres and is described as ready for new ownership. The building includes seating for approximately 300 guests, multiple private dining rooms, and a private bar area. The fully furnished kitchen is outfitted with commercial equipment, along with a walk-in freezer and walk-in cooler. The property also features a spacious outdoor patio and fully paved parking.
The site is located along Highway 123 Bypass in Seguin, Texas, directly across from Seguin High School and its football stadium, providing prominent exposure.
The operation is supported by the on-site dining and back-of-house facilities, including the private dining rooms and furnished, equipped kitchen components, making it suitable as a restaurant and event-venue style concept based on the property’s described former use.
The site is located along Highway 123 Bypass in Seguin, Texas, directly across from Seguin High School and its football stadium, providing prominent exposure.
The operation is supported by the on-site dining and back-of-house facilities, including the private dining rooms and furnished, equipped kitchen components, making it suitable as a restaurant and event-venue style concept based on the property’s described former use.
Key Highlights
- 7,960 SF commercial property built in 1996 on 1.49 acres along Highway 123 Bypass in Seguin, TX
- Former full‑service restaurant and event venue with seating for approximately 300 guests
- Fully furnished kitchen with new commercial equipment plus walk‑in freezer and walk‑in cooler
Local Financial Insights For Specialty 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 | $158.6k | $19.92 |
| − Vacancy | −$6.3k | −$0.80 |
| EGI | $152.2k | $19.12 |
| − OpEx | −$38.1k | −$4.78 |
| NOI | $114.2k | $14.34 |
7,960 SF · lease $19.92/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.63M
$1.43M – $1.90M
NOI $114,166 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,146 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turnkey restaurant on 1.49 acres with a fully equipped kitchen, walk-in coolers, and a spacious outdoor patio.
Where is this conventional restaurant located?
The property is located at 983 Highway 123 Seguin, TX.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 7,960 SF commercial property built in 1996 on 1.49 acres along Highway 123 Bypass in Seguin, TX; Former full‑service restaurant and event venue with seating for approximately 300 guests; Fully furnished kitchen with new commercial equipment plus walk‑in freezer and walk‑in cooler
