Freestanding Restaurant for Sale

Retail-Commercial for Sale
Also listed as Vacant Land
Catylist Listing ID: 30607146
Property Subtypes: Restaurant, Retail-Pad, Other
Building Size (RSF): 3,922 SF
Gross Land Area: 45,000 - 95,000 SF
Sale Price: $1,595,000
Unit Price: $406.68 PSF
Has Drive-Thru? Yes
Property Use Type: Business
Building Name: TECH CAFE
Usable Size (USF): 3,922 SF
Sale Terms: Cash to Seller
Last Updated: 7/2/2020

Overview / Comments

This popular freestanding restaurant with drive thru available for sale, was opened for operation in July, 2019. Owner will continue operating the restaurant until the sale.
The business is included in this totally renovated restaurant that exceeded $650,000. in renovations.
Renovations included are: New $48,000. Roof, New sprinkler system to code, ADA restrooms, Three new 5 ton A/C units, New gas and water lines, Complete new plumbing, New refrigerator/freezer combo, and black top on parking lot.
All new FF&E at an approximate cost of $250,000. will remain
with property. The pizza oven will be removed upon sale of property. A water easement from the south alley runs north 15’ from the west property line.
There is a 30’ shared, paved easement running N/S for access to the 50,000 s.f. tract of land adjoining the restaurant.

The property is located between Quaker Ave. and Slide Road with convenient ingress/egress. Vista Bank is located next door on the east side. Tech Café is surrounded by retail and
office business. 50th. street is runs thru to Frankford. Easy access to loop 289 and Marsha Sharp Fwy. Additional 50,000 s.f. of land adjoining the south side of the restaurant for development. Concrete driveway, E/W, easement for ingress/egress.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Taxing Authority: Lubbock Central Appraisal
Tax ID/APN: R40650
Zoning: C2
Retail Clientele: General, Business
Property Located Between: Quaker Avenue and Slide Road
Property Visibility: Excellent
Largest Nearby Street: Quaker Ave.
Site Description: Gross Land Area: 45,000 SF building/parking, 50,000 SF adjoining vacant land/south of restaurant
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,922 SF
Property Condition: Excellent
Year Built: 1979
Year Renovated: 2019
Roof Type: Flat
Parking Type: Surface
Parking Description: Black top
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Other
Zoning Description: C-2
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,518 133,880 215,367
Median Age: 31.78 33.26 32.06
Households: 7,181 53,778 83,812

Contact

Photograph of Listing Agent

Donna Currey Barnes

Westar Commercial Realty, LLC West Texas CIE Member
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