1525 William D Tate AveGrapevine, TX 76051

Property Details for 1525 William D Tate Ave

Year built

2005

Lot size

1.18 AC

Property size (Sq ft)

6,232 SF

Property type

Turn key restaurants

APN

8898-1-6

APU

889816

Description

This exceptional 6,148 square foot restaurant space, formerly occupied by Buffalo Wild Wings, is available for sale or lease. Located at 1525 William D Tate Ave in Grapevine, Texas, 76051, this property sits on a sizable 51,619 square foot lot and offers immediate occupancy. The building is a single-story structure with excellent visibility and accessibility from a high-traffic intersection in a thriving area known for strong restaurant sales. The ample 82-space parking lot ensures convenient customer access. Buffalo Wild Wings' recent relocation (April 2024) presents a unique opportunity for a restaurant operator to establish themselves in a prime location within the Grapevine market. This turnkey space is ready for immediate use, eliminating the need for extensive renovations. The property's location within Tarrant County, Texas, provides access to a robust customer base. This is an exceptional opportunity to acquire a well-established restaurant space in a high-demand area. The asking price is $2,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,395,170

  6.5%

  $1,287,850

  7%

  $1,195,860

• Comparable approach

  Method

  Valuation

  Relative Method

  $841,053

  Geo Method

  $779,828

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,525,740

  Mixed-Use / Specialty

  $1,277,470

  Hospitality / Lodging

  $929,715

  Office

  $1,263,860

  Institutional / Educational

  $1,325,990

  Residential Income

  $1,551,410

  Multifamily

  $1,892,730

  Automotive / Energy

  $1,136,570

  Parking / Income-Based Land

  $397,927

  Restaurant / Food Service

  $652,086

  Healthcare / Senior Housing

  $1,315,960

Location Insight

City

Grapevine

County

Tarrant

State

Texas

Latitude

32.9228

Longitude

-97.0899

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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