110 Lamar StKeller, TX 76248

Property Details for 110 Lamar St

Year built

1975

Lot size

0.14 AC

Property size (Sq ft)

2,916 SF

Property type

Bars

Property subtype

Pubs

APN

22320-A-3

APU

22320A3

Description

This exceptional 2,916 square foot restaurant building, located at 110 Lamar Street in Keller, Texas, presents a unique investment opportunity. The property, built in 1975 and fully renovated in 2018, is a single-story, Class B building situated on a single lot. Currently operating as a restaurant, this owner-user property boasts a prime location within the highly sought-after Old Town Keller Entertainment District. The area is known for its thriving commercial activity, offering convenient access to dining, retail, and recreational attractions. The property benefits from its proximity to Bear Creek Park and the Keller Pointe Recreation Center, enhancing its appeal to both tenants and customers. The building's location within walking distance of Keller Sports Park, a 140-acre park attracting over 100,000 visitors annually, ensures high visibility and foot traffic. Furthermore, the property is poised to benefit from future multi-million dollar city and county improvements planned for the Old Town Keller area. The asking price for this turnkey restaurant is $900,000, and the lease type is NNN. This presents a compelling opportunity for investors seeking a well-established business in a rapidly growing area. The property's strong history, coupled with its prime location and future development prospects, makes it an attractive investment.

• CAP approach

  CAP return

  Valuation

  6%

  $924,504

  6.5%

  $853,388

  7%

  $792,432

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,031,051

  Geo Method

  $884,150

• Alternative Use

  Use

  Valuation

  Residential

  $719,865

  Hospitality

  $659,392

  Educational

  $548,607

  Medical

  $567,474

  Retail

  $853,388

Location Insight

City

Keller

County

Tarrant

State

Texas

Latitude

32.9335

Longitude

-97.2548

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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