404 Walton Dr Texarkana, TX 75501
- Commercial real estate
- 12,283 SF
- 1.59 lot acres
Current Use by Public Records
- 55 Gallon Drums Texarkana / Big Box & Wholesale Store / Factory
- GameStop / Arcade & Gaming Center / Electronics & Wireless Store
- Cato Fashions / Clothing & Fashion Store
- Verizon Authorized Retailer - MDI / Mobile Phone Store / Electronics & Wireless Store
- Verizon Authorized Retailer / Mobile Phone Store / Electronics & Wireless Store
Property Details for 404 Walton Dr
- Year built
- 2004
- Lot size
- 1.59 lot acres
- Property size
- 12,283 SF
- Property type
- Commercial real estate
- APN
- 53332
- APU
- 53332
Description
This 1,373 square foot restaurant space, formerly a Subway, is ideally situated in a high-traffic area directly across from a Walmart Supercenter. The property is a single-tenant space within a vibrant strip mall, offering immediate occupancy for a similar restaurant concept. The space is fully equipped for restaurant operations, including a dedicated dining area, a well-appointed food preparation area, and two walk-in coolers. Essential restaurant features are already in place, such as three-compartment sinks and separate men's and women's restrooms. The strong tenant mix in the center includes established businesses such as Cato, GameStop, Jackson Hewitt, Luxury Nails, and Verizon Cellular, ensuring consistent foot traffic and visibility. This turnkey solution minimizes upfront investment and allows for a rapid launch of your restaurant business. The location's proximity to a major retailer like Walmart provides significant exposure and a built-in customer base. This is a rare opportunity to acquire a fully functional restaurant space in a prime location with minimal renovation needs. The property is ready for immediate occupancy and offers a significant advantage for a quick start-up.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,120,000
- 6.5%
- $1,955,000
- 7%
- $1,815,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,638,000
Market price range: $462k - $1.64M
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Location Insight
- Map
- Local Demand
- City
- Texarkana
- County
- Bowie
- State
- Texas
- Longitude
- -94.0988
- Latitude
- 33.4443
- CBSA code
- 45500
- CBSA name
- TEXARKANA, TX-TEXARKANA, AR METROPOLITAN STATISTICAL AREA