1309 Junction DrLaredo, TX 78041

Property Details for 1309 Junction Dr

Year built

2019

Lot size

0.55 AC

Property size (Sq ft)

4,806 SF

Property type

Bars

Property subtype

Pubs

APN

947-20002-020

APU

94720002020

Description

This exceptional 4,254-square-foot restaurant building presents a unique investment opportunity in Laredo, Texas. Located at 1309 Junction Dr, this property sits on a 0.55-acre lot and boasts a modern design, ideal for a variety of culinary concepts. Built in 2019, the building features a fully equipped, full-service kitchen complete with a walk-in cooler and ample dry storage. The space includes custom-built indoor and outdoor bars, perfect for creating a vibrant atmosphere. A spacious outdoor patio provides additional seating and enhances the overall dining experience. The second floor offers a dedicated office space, providing administrative convenience. The property benefits from 3-phase power, ensuring efficient operation. The building is zoned B-4, allowing for a wide range of commercial uses. This turnkey restaurant is ready for immediate occupancy, offering a rare chance to establish a thriving business in a prime Laredo location. The property's modern design and extensive features make it an attractive option for both established restaurant operators and new entrepreneurs. The vacant status presents an opportunity to customize the space to perfectly match your vision. This is a truly exceptional opportunity to acquire a high-quality, well-located restaurant property in a growing market. The 0.55-acre lot provides ample space for future expansion or outdoor amenities. Don't miss this chance to own a piece of Laredo's vibrant culinary scene.

• CAP approach

  CAP return

  Valuation

  6%

  $1,032,820

  6.5%

  $953,373

  7%

  $885,274

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,391,344

  Geo Method

  $2,752,494

• Alternative Use

  Use

  Valuation

  Residential

  $804,205

  Hospitality

  $736,648

  Educational

  $612,882

  Medical

  $633,960

  Retail

  $953,373

Location Insight

City

Laredo

County

Webb

State

Texas

Latitude

27.5731

Longitude

-99.4709

CBSA code

29700

CBSA name

LAREDO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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