606 Main St Garland, TX 75040-6323

Property Details for 606 Main St

Year built

1920

Construction

FRAME

Lot size

0.05 lot acres

Property size

1,500 SF

Zone code

Z25

Property type

Strip malls

Property subtype

Neighborhood centers

APN

26165500080020100

APU

26165500080020100

Description

This exceptional investment opportunity presents two fully occupied restaurant spaces totaling 2,000 square feet in the revitalized Downtown Garland Square. Located at 606 Main St, Garland, TX 75040, this property boasts two 1,000 sq ft units, each equipped with grease traps and restaurant equipment, currently operating under NNN leases. The building, which underwent renovations in 2022, features a 2019 roof and 2017 HVAC system. Both tenants are established businesses with a history of success and are interested in lease renewals. The property benefits from the recent $423,700,000 revitalization of Downtown Garland, attracting significant business and foot traffic. The asking price is $1,200,000 ($600/sq ft), and the city of Garland offers a matching grant of up to $50,000 for renovations as part of their revitalization program. This is a rare chance to acquire a multi-unit commercial property with strong existing tenants and significant upside potential in a rapidly growing area. The property is zoned for commercial use and consists of one building with multiple units. This is an owner/user investment opportunity with a proven track record of positive cash flow.