Free Standing Restaurant Building on I-27 in Plainview

Retail-Commercial for Sale
Catylist Listing ID: 30495611
Property Subtypes: Free-Standing Building, Restaurant, Street Retail
Building Size (RSF): 3,506 SF
Gross Building Area: See Agent
Sale Price: $310,000
Unit Price: $88.42 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/8/2020

Overview / Comments

Free standing restaurant building with excellent access and visibility on I-27 Frontage Road in Plainview . It is just north of the US 70 and I-27 intersection . It is on the corner of I-27 and 10th St . Great owner/ user building or investment property . Potential to repurpose as a retail building or office building . It is Large enough to potentially divIde into 2 spaces . Current configuration has kitchen in the middle of the building , with dining/sitting areas on 2 sides . Previously used long term by owners as popular steakhouse . The most recent tenant was a BBQ Business . Great location for both local residents as well as travelers on i - 27. Owners would potentially consider lease to the right Business/Owners .

Additional Details

Nearest MSA: Plainview
County: Hale
Taxing Authority: Hale County , City of Plainview
Tax ID/APN: 15286
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: Lubbock and Amarillo
Property Visibility: Good
Largest Nearby Street: Interstate 27
Highway Access: I-27
Year Built: 1965
Construction/Siding: Brick
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 128.4 Frontage HWY 87 166.48 Frontage on 10th Out Of NW PT Lot 21 BLK 2 Wilcox Unit # 2 I-27

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,662 21,357 25,645
Median Age: 45.86 32.35 31.69
Households: 1,523 7,342 8,728

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