313 Castle DrGarland, TX 75040

Property Details for 313 Castle Dr

Year built

1975

Construction

FRAME

Lot size

0.52 AC

Property size (Sq ft)

2,354 SF

Property type

Drive through restaurants

APN

267672500102R0000

APU

267672500102R0000

Description

This exceptional fast-food drive-through restaurant presents a lucrative investment opportunity. Situated on a sizable 0.52-acre lot at 313 Castle Drive in Garland, Texas, this 2,354 square foot property enjoys a prime location within a high-traffic area. The building benefits from recent upgrades, including a complete kitchen and dining area renovation completed in 2021. Its strategic placement ensures excellent visibility and accessibility, attracting customers from nearby residential neighborhoods, schools, and other businesses. The property's design is optimized for efficient drive-through service, catering to the demands of a busy fast-food operation. This turnkey business offers a strong foundation for immediate revenue generation and long-term growth. The high volume of traffic and diverse customer base promise a consistent stream of patrons. The asking price for this exceptional property is $1,450,000. This represents a rare chance to acquire a thriving commercial property in a desirable Garland location. Don't miss this chance to own a successful, established business with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $641,028

  6.5%

  $591,718

  7%

  $549,452

• Comparable approach

  Method

  Valuation

  Relative Method

  $729,915

  Geo Method

  $713,748

• Alternative Use

  Use

  Valuation

  Residential

  $499,136

  Hospitality

  $457,206

  Educational

  $380,390

  Medical

  $393,472

  Retail

  $591,718

Location Insight

City

Garland

County

Dallas

State

Texas

Latitude

32.9225

Longitude

-96.627

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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