1380 Hwy 67, Alvarado, TX 76009-4009
- Commercial real estate
- 4,564 SF
- 1.46 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1380 Hwy 67
- Year built
- 2000
- Lot size
- 1.46 lot acres
- Property type
- Commercial real estate
- APN
- 126.3880.00010
- APU
- 126388000010
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 18, 2025 | — | Paublo Barboza | William H Woolard | Deed | $600k · William H Woolard Etux |
| Feb 4, 2025 | $400,000 | William H Woolard | Kristin Foytik | Deed | — |
| May 25, 2021 | — | Kristin Foytik | William H Woolard JR | Venders Lien | $575k · William H Woolard JR Etal |
Description
This exceptional 4,564 square foot commercial property, located at 1380 Highway 67 in Alvarado, Texas, presents a unique investment opportunity. Situated on a 1.46-acre lot, this established bar and grill boasts a prime location just two miles from Interstate 35, ensuring high visibility and convenient access for patrons from surrounding communities. The property's strategic placement on Highway 67 guarantees a steady stream of customers. Ample parking is available behind the building, easily accommodating both restaurant and bar patrons, as well as guests attending events held in the dedicated private venue. This versatile space is ideal for a variety of functions, including concerts, private parties, family gatherings, and corporate events. The existing business offers an immediate opportunity to step into an established operation, benefiting from existing infrastructure and customer base. The property is priced at $1,000,000 and offers significant potential for growth and expansion within a thriving market. The combination of a successful bar and grill, coupled with a flexible event space, makes this a truly unique and attractive investment prospect. This turnkey operation is ready for a new owner to capitalize on its established success and further develop its potential. The property's size and location provide ample room for future expansion or modification to suit the needs of a discerning buyer.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $770,000
- 6.5%
- $710,000
- 7%
- $660,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $823,000
Market price range: $220k - $823k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Alvarado
- County
- Johnson
- State
- Texas
- Longitude
- -97.1937
- Latitude
- 32.4147
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
