1380 Hwy 67 Alvarado, TX 76009-4009
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2018Comparables
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.