525 Oates RdGarland, TX 75043

Property Details for 525 Oates Rd

Lot size

0.13 AC

Zone code

Z90

Property type

Commercial land

APN

60179500000330000

APU

60179500000330000

Description

This thriving Garland restaurant, spanning 2,990 square feet on a 0.51-acre lot at 525 E Oates, presents a remarkable investment opportunity. Priced at $1,199,000, this turnkey operation boasts a loyal customer base built over 40+ years of word-of-mouth success. Currently operating without an online presence, the potential for expansion is significant. The building itself offers exciting possibilities, including the addition of a bar and drive-thru, perfectly complementing the existing setup. The location is primed for growth, with numerous nearby developments underway, including new apartment complexes, a waterpark, and more. Within a 3-mile radius, there are 25 apartment complexes, with several brand new ones recently completed, ensuring a readily available customer base. This expands to 60 apartment complexes within a 5-mile radius. The sale includes all furnishings, from dining tables and chairs to booths and complete cooking equipment, allowing for a seamless transition. This is a rare chance to acquire an established, profitable business with immense upside in a rapidly developing area. The seller is motivated and ready to retire, making this an exceptional opportunity for a savvy investor.

• Alternative Use

  Use

  Valuation

  Residential

  $1,161,965

  Hospitality

  $1,064,354

  Educational

  $885,530

  Medical

  $915,984

  Retail

  $1,377,491

Location Insight

City

Garland

County

Dallas

State

Texas

Latitude

32.8576

Longitude

-96.603

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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