100 Southpoint Lp Livingston, TX 77351
- Retail properties
- 5,400 SF
- 1.21 lot acres
Current Use by Public Records
- Retail properties
Property Details for 100 Southpoint Lp
- Year built
- 1988
- Lot size
- 1.21 lot acres
- Property size
- 5,400 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional turn-key restaurant opportunity in Livingston, Texas, presents a compelling investment. Priced at $2,500,000, this Class A property boasts 5,400 square feet on a 1.207-acre lot, strategically located on the busy Hwy 59/I69 corridor. Established in 1988, the restaurant offers a spacious dining area and a fully equipped commercial kitchen, creating an inviting atmosphere for patrons. The property's single-unit tenancy provides owner-user control and avoids escalating rental costs. With a strong NOI of $214,307 and an 8.57% cap rate, this represents a stable investment with significant growth potential. The property's size allows for potential expansion of indoor/outdoor dining space. The building is situated in the growing Polk County seat of Livingston, TX, offering a thriving community and a strong customer base. The sale includes the real estate, providing long-term security and flexibility. Occupancy is available September 30, 2024. This is a rare chance to acquire a well-established, successful restaurant with significant upside in a rapidly developing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Livingston
- County
- Polk
- State
- Texas
- Longitude
- -94.9499
- Latitude
- 30.6907
