405 Main St Taylor, TX 76574
- Commercial real estate
- 2,930 SF
- 0.12 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 405 Main St
- Year built
- 2010
- Lot size
- 0.12 lot acres
- Property size
- 2,930 SF
- Property type
- Commercial real estate
- APN
- R-13-0303-0960-90000
- APU
- R130303096090000
Description
This exceptional investment opportunity presents a thriving Mexican restaurant located at 405 S Main St, Taylor, TX 76574. The 2,000 square foot, single-story building sits on a 5,227 square foot lot and is zoned B2. Built in 1960 and extensively renovated in 2019, the property boasts recent updates including new wiring, roof, insulation, and flooring, along with kitchen improvements. Currently operating at 100% occupancy since November 30, 2022, the restaurant benefits from a high-traffic location on Hwy 95 in downtown Taylor. The Net Lease (NNN) agreement has a remaining term of approximately 1.4 years, expiring April 30, 2026, with a lease commencement date of April 15, 2024. The asking price is $850,000, representing a price per square foot of $425 and a 5.41% cap rate. The property generates a Net Operating Income (NOI) of $45,960. This is a turnkey operation ideal for investors seeking a strong return in a prime location. The property is offered for sale by owner. All information is believed to be accurate but is not guaranteed and should be independently verified.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Taylor
- County
- Williamson
- State
- Texas
- Longitude
- -97.4087
- Latitude
- 30.5644
- CBSA code
- 12420
- CBSA name
- AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA
