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Property profile & analytics
OFF-MARKET
Commercial real estate

502 Morgan Meridian, TX 76665-2913

3,621 SF Built 1990
Individually Owned Absentee Owner Free & Clear
Property ID
US83-1281603
Property summary
AI-generated overview

This exceptional commercial property at 502 W Morgan in Meridian, Texas, presents a unique investment opportunity. Boasting 3,621 square feet on a 0.97-acre lot, this adaptable space offers endless possibilities for a variety of businesses. Previously utilized as a successful restaurant, the property is now available for immediate occupancy and customization. Its expansive layout allows for creative reimagining as a retail store, office complex, cafГ©, or any other commercial venture. The generous square footage provides ample room for operations and potential expansion. A significant advantage is the abundant on-site parking, ensuring convenient access for customers and employees. Located in the heart of Meridian, this property benefits from high visibility and easy access to local amenities and transportation routes. The asking price is $795,000. This is a rare chance to acquire a substantial commercial property in a desirable location with significant upside potential. Don't miss this opportunity to secure a prime piece of Meridian real estate and establish your business in a thriving community. The property is ready for immediate possession and awaits your vision.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1990
Total area 3,621 SF
APN R24865
UPID US83-1281603
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
Current use
Occupant on record · Public records
  • Abuelita's Mexican Restaurant Restaurant
  • Ay Jalisco Mexican Restaurant Bar & Grill Restaurant
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
NOEL H JAIMES
NOEL H JAIMES
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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