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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2nd Gen. Austin, TX 78753

1,330 SF
Property ID
Property summary
AI-generated overview

This turnkey restaurant and bar opportunity in North Austin, situated conveniently off I-35, presents a unique chance for immediate operation. The 1,330 square foot space boasts a full kitchen featuring a 9-foot hood, grease trap, ample refrigeration (including two reach-in freezers and two single-door refrigerators), a two-burner stove, a 3-foot grill top, a six-foot prep table, and a full-size oven. The existing setup includes seven 65-inch TVs and a comprehensive entertainment package, perfect for a lively atmosphere. The property benefits from a large parking lot and is located in a high-traffic area with nearby homes, apartments, and businesses, ensuring consistent customer flow. A mixed beverage permit is in place, simplifying the transition for the new owner. The asking price is $80,000, and the current lease, with options extending through June 2033, has a monthly rate of $4112 (NNN included). The previous gross revenue was $70,000. Inventory is not included in the asking price. Seller financing is not available. This second-generation restaurant is ready for immediate occupancy, saving the new owner significant time and expense associated with build-out and permitting. The current lease terms are available through June 2026. The business is being sold for personal reasons. This presents a fantastic opportunity for either establishing a new concept or expanding an existing one.

Property profile
Verified
Property type Retail properties & Spaces
Total area 1,330 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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