Property profile

1801 9th St Wichita Falls, TX 76301

OFF-MARKET
Turn key restaurants
Property ID
US82-7347277
12,608 SF 1.45 ac lot Built 1984
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 11,747-square-foot mixed-use property in Wichita Falls, Texas, presents a remarkable investment opportunity. Located at 1801 9th St, 76301, this single-story building sits on a commercially zoned lot and offers unparalleled flexibility. Previously occupied by a Luby's restaurant, the majority of the interior has been gutted, providing a blank canvas for a diverse range of businesses. The space is ideally suited for a restaurant, entertainment venue, office complex, or retail establishment. A significant advantage is the existing firewall separating this area from an adjacent medical office, ensuring operational independence. The property is available for both sale and lease, with the buyer or tenant responsible for completing any necessary build-out or tenant improvements. This prime location in Wichita County offers excellent visibility and accessibility, making it an attractive proposition for entrepreneurs and investors alike. The asking price is $704,820. This is a chance to create a thriving business in a dynamic location with significant potential for growth and return on investment. The property's versatility and strategic location make it a truly unique opportunity in the Wichita Falls market. General Commercial zoning allows for a wide array of uses.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1984
Total area 12,608 SF
Lot 1.45 ac (63,162 SF)
APN 0190 008 00
UPID US82-7347277

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1801 9th St Wichita Falls, TX 76301-5029
Wichita Falls metro Census 11000 WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
$766k
Blend (final) Blend
$330k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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