121 Bentsen Palm Dr Palmview, TX 78572
- Commercial real estate
- 3,344 SF
- 0.43 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 121 Bentsen Palm Dr
- Year built
- 1983
- Lot size
- 0.43 lot acres
- Property size
- 3,344 SF
- Property type
- Commercial real estate
Description
This exceptional commercial property, located at 121 E Bentsen Palm Drive in Palmview, Texas, presents a unique investment opportunity. The 3,344 square foot building sits on a 0.43-acre lot, boasting a prime corner location at the intersection of Bentsen Palms Drive and East Exp 83 Frontage Road, ensuring high visibility and significant traffic exposure. The property has a long history as a fully operational restaurant, previously under a single tenant lease for over a decade, demonstrating its established viability and income-generating potential. The sale includes all existing restaurant equipment, a comprehensive inventory encompassing kitchen appliances (including natural gas stoves, freezers, and a cold room), serving area equipment, an ice maker, tables, chairs, utensils, plates, glasses, and a buffet cart. Currently operating under a month-to-month lease, the property offers immediate possession potential. The asking price of $600,000 is negotiable. Alternatively, the property is available for lease at $5,500 per month, with a minimum two-year lease term. Historical sales data indicates strong monthly income, varying seasonally. This property is ideal for an experienced restaurateur seeking an established location or an investor looking for a high-return opportunity in a thriving area.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palmview
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.3313
- Latitude
- 26.2115
