Property profile

2112 9Th St Wichita Falls, TX 76309

FOR SALE
Drive through restaurants
Property ID
US82-7353467
1,164 SF 0.34 ac lot Built 1977
Individually Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional restaurant property, located at 2112 9th Street in Wichita Falls, Texas, presents a fantastic investment opportunity. The 1,164 square foot building sits on a 0.344-acre lot and boasts a rich history, having served as a Sonic Drive-In for many years. Built in 1977 and renovated in 2002, the property is well-maintained and ready for its next chapter. Its central location in Wichita Falls places it in close proximity to other established restaurants, ensuring high visibility and foot traffic. The property's single building structure offers a streamlined operation, minimizing overhead and maximizing efficiency. The asking price is $159,900, making this a compelling opportunity for restaurateurs seeking a turnkey location or investors looking for a strong return. The property's established history and prime location within Wichita Falls, Texas (zip code 76301), offer significant potential for immediate success. This is a rare chance to acquire a well-situated restaurant property in a thriving community. The property's size and layout are ideal for a variety of restaurant concepts, providing ample space for both dining and operational needs. Don't miss this chance to own a piece of Wichita Falls' culinary landscape.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1977
Construction CONCRETE BLOCKS
Total area 1,164 SF
Lot 0.34 ac (15,002 SF)
Zoning code GC
APN 1080 105 00
UPID US82-7353467

Cap rate & NOI

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

Location

2112 9Th St Wichita Falls, TX 76309
Wichita Falls metro Census 11000 WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2010
Price N/A

Zoning & alternative use

GC · Wichita Falls, TX
Zoning description

MANUFACTURED HOUSING RESIDENTIAL DISTRICT § 3330 Purpose. § 3340 Permitted uses. § 3350 Conditional uses. § 3355 Development regulations. Pt 3360 LO-LIMITED OFFICE DISTRICT Pt 3370 LC-LIMITED COMMERCIAL DISTRICT Pt 3450…

General category COMMERCIAL

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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