Property profile

502 Main St Borger, TX 79007

OFF-MARKET
Commercial real estate
Property ID
US83-1922039
8,658 SF 0.14 ac lot
Individually Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property located at 502 N Main Street in the heart of Borger, Texas, presents a unique investment opportunity. The 8,658 square foot building houses Onions Restaurant, a successful and established business with significant growth potential. The sale includes the restaurant's name, existing business operations, and the building itself. This turnkey operation offers immediate income generation and the chance to expand an already profitable venture. Adding to its appeal, the property also includes a separate rental unit, currently leased, providing an additional stream of passive income. This rental property offers further diversification and enhances the overall return on investment. Situated on Main Street, this property benefits from high visibility and foot traffic, ensuring optimal exposure for the restaurant and rental unit. The property's prime location within the downtown area of Borger makes it an attractive proposition for both established businesses and new entrepreneurs. This is a rare chance to acquire a well-established business with a proven track record, coupled with the added benefit of a separate income-generating rental property. The substantial square footage offers ample space for expansion or diversification of the existing business operations. Don't miss this opportunity to own a piece of Borger's vibrant downtown and secure a lucrative investment. The asking price is $599,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 8,658 SF
Lot 0.14 ac (6,003 SF)
APN 15939
UPID US83-1922039

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

502 Main St Borger, TX 79007-4122
Borger metro Census 950700 BORGER, TX MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

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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