115 Main St Crandall, TX 75114-2901
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.
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Hot Rodz Diner LLC Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.