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Property profile & analytics
OFF-MARKET
Turn key restaurants

3701 Pure Atlantic Rd Groves, TX 77619-6337

3,479 SF 0.65 ac lot Built 1953
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-2885052
Property summary
AI-generated overview

This exceptional turnkey restaurant opportunity in Groves, Texas presents a fully operational and thriving establishment. Located at 3701 Pure Atlantic Rd, 77619, this 13,154 square foot restaurant boasts a loyal customer base drawn to its unique blend of Cajun, Creole, and Mexican cuisine. Known for its perfectly cooked chicken, fried catfish, and crispy fried prawns, the restaurant offers a diverse and appealing menu. The inviting atmosphere is enhanced by live music performances in the evenings, creating a vibrant yet relaxed ambiance. The friendly staff and homey decor contribute to a positive customer experience, fostering repeat business and a strong reputation within the community. The asking price is $2,400,000. This presents a rare chance to acquire a well-established, profitable restaurant with significant potential for continued growth in a desirable location. The business comes complete with everything needed for immediate operation, making it an ideal acquisition for experienced restaurateurs or ambitious entrepreneurs seeking entry into the food and beverage industry. This is a truly remarkable opportunity to own a beloved community establishment.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1953
Total area 3,479 SF
Lot 0.65 ac (28,270 SF)
APN 014550-000-007400-00000
UPID US82-2885052
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Carrier R & E Holdings LLC · 10 yrs held
Carrier R & E Holdings LLC
since 2015
2 recorded transactions
2016
Price N/A
2015
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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