115 Main St Crandall, TX 75114
- Commercial real estate
- 2,380 SF
- 0.13 lot acres
Current Use by Public Records
- Hot Rodz Diner LLC / Restaurant / Diner
Property Details for 115 Main St
- Year built
- 2003
- Lot size
- 0.13 lot acres
- Property size
- 2,380 SF
- Property type
- Commercial real estate
- APN
- 00.0710.0003.0013.00.01.01
- APU
- 71000030013000101
Description
This exceptional commercial property, located at 115 S Main Street in Crandall, Texas, presents a unique investment opportunity. The 2,380 square foot building, constructed in 2003, sits on a 0.13-acre lot and is currently occupied by Hot Rodz Diner, a well-established restaurant operating since February 2020. The sale includes the building itself, and the existing contents belong to the current tenant. The current tenant operates on a month-to-month lease but is open to negotiating a new lease with a prospective buyer. There is also a possibility of purchasing the established restaurant business itself, allowing for a seamless transition and the retention of existing staff who are interested in continuing their employment. This property offers immediate income potential with the existing tenant or the opportunity to develop your own concept in a prime Crandall location. The building's size and layout are well-suited for a variety of restaurant or commercial uses. The property is priced at $375,000. Interested parties should contact the listing agent for further details and scheduling. Direct contact with the business regarding the sale or property purchase is discouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $455,000
- 6.5%
- $440,000
- 7%
- $415,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $480,000
- Geo Method
- $435,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $380,000
- Retail
- $400,000
- Mixed-Use
- $370,000
- Hospitality
- $385,000
- Educational
- $375,000
- Residential Income
- $370,000
- Energy
- $505,000
- Income-Based Land
- $440,000
- Food Service
- $385,000
Location Insight
- Map
- Local Demand
- City
- Crandall
- County
- Kaufman
- State
- Texas
- Longitude
- -96.4554
- Latitude
- 32.6277
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA