4003 Hwy 199 Springtown, TX 76082-5207

Property Details for 4003 Hwy 199

Lot size

2.00 lot acres

Property size

1,768 SF

Property type

Commercial real estate

APN

20322-004-002-00

APU

2032200400200

Description

This profitable, owner-user restaurant, Anne's Country Kitchen, presents a unique investment opportunity. Located at 4003 W Hwy 199, Springtown, TX 76082, this charming eatery sits on two acres of land in unincorporated Parker County, boasting a large pond and ample parking for cars, RVs, and trucks. Built in 2002, the 1,768 square foot, single-story building features a large dining room with abundant natural light from windows across the front and sides. The property includes all necessary commercial kitchen equipment, such as industrial freezers, refrigerators, ovens, a gas stove, and a commercial vent fan, along with tables, chairs, and booths. The dining area comfortably accommodates groups of various sizes, from intimate settings to larger parties. The kitchen is well-equipped with a large prep area, ample counter space, and a dedicated wash area. The asking price is $450,000, with a Net Operating Income (NOI) of $70,114, resulting in a 15.58% cap rate. The property is zoned for its current use and is available for occupancy on April 1, 2024. This turnkey operation is ideally suited for an owner-operator seeking a well-established restaurant with significant potential for growth. The property's prime highway location near a large upscale RV park and a beautiful subdivision ensures high visibility and convenient access for customers.

Location Insight

City

Springtown

County

Parker

State

Texas

Longitude

-97.7476

Latitude

32.9774

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments