5814 Tx-27 Center Point, TX 78010
This turnkey restaurant opportunity in Center Point, Texas, presents a unique blend of established success and significant upside. Toucan Jim's, a renowned eatery featured on the Texas Bucket List TV show, boasts 1,690 square feet of indoor space built in 1960 and renovated in 2009, situated on a 1.28-acre lot with 285 feet of frontage on TX-27. The property includes a full kitchen, a full bar, and an outdoor satellite bar, catering to a diverse clientele. A massive outdoor seating area with private alcoves and a dedicated stage for live music provides ample space for entertainment and dining. The existing business offers immediate revenue potential, while an underutilized gift shop area presents an opportunity for expansion. Adding to the investment appeal are two manufactured homes on the property, currently generating rental income, which could further supplement the business or provide space for expansion. The restaurant is connected to city sewer and water, ensuring convenient operation. This exceptional property offers a rare combination of established business, significant outdoor space, and additional income streams, making it an ideal investment for a discerning buyer. The property is located at 5814 TX-27, Center Point, TX 78010.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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