525 Oates Rd Garland, TX 75043
- Commercial land
- 0.13 lot acres
Current Use by Public Records
- HVC Auto Service / Auto Repair Shop
- Audubon village / Business Center
- May China Cafe / Chinese Restaurant
- Golden City Chinese Restaurant / Chinese Restaurant
Property Details for 525 Oates Rd
- Lot size
- 0.13 lot acres
- Zone code
- Z90
- Property type
- Commercial land
- APN
- 60179500000330000
- APU
- 60179500000330000
Description
This thriving Garland restaurant, spanning 2,990 square feet on a 0.51-acre lot at 525 E Oates, presents a remarkable investment opportunity. Priced at $1,199,000, this turnkey operation boasts a loyal customer base built over 40+ years of word-of-mouth success. Currently operating without an online presence, the potential for expansion is significant. The building itself offers exciting possibilities, including the addition of a bar and drive-thru, perfectly complementing the existing setup. The location is primed for growth, with numerous nearby developments underway, including new apartment complexes, a waterpark, and more. Within a 3-mile radius, there are 25 apartment complexes, with several brand new ones recently completed, ensuring a readily available customer base. This expands to 60 apartment complexes within a 5-mile radius. The sale includes all furnishings, from dining tables and chairs to booths and complete cooking equipment, allowing for a seamless transition. This is a rare chance to acquire an established, profitable business with immense upside in a rapidly developing area. The seller is motivated and ready to retire, making this an exceptional opportunity for a savvy investor.
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
- Garland
- County
- Dallas
- State
- Texas
- Longitude
- -96.603
- Latitude
- 32.8576
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
