2112 9Th StWichita Falls, TX 76301

Property Details for 2112 9Th St

Year built

1977

Construction

CONCRETE BLOCKS

Lot size

0.34 AC

Property size (Sq ft)

1,164 SF

Zone code

GC

Property type

Drive through restaurants

APN

1080 105 00

APU

108010500

Description

This exceptional restaurant property, located at 2112 9th Street in Wichita Falls, Texas, presents a fantastic investment opportunity. The 1,164 square foot building sits on a 0.344-acre lot and boasts a rich history, having served as a Sonic Drive-In for many years. Built in 1977 and renovated in 2002, the property is well-maintained and ready for its next chapter. Its central location in Wichita Falls places it in close proximity to other established restaurants, ensuring high visibility and foot traffic. The property's single building structure offers a streamlined operation, minimizing overhead and maximizing efficiency. The asking price is $159,900, making this a compelling opportunity for restaurateurs seeking a turnkey location or investors looking for a strong return. The property's established history and prime location within Wichita Falls, Texas (zip code 76301), offer significant potential for immediate success. This is a rare chance to acquire a well-situated restaurant property in a thriving community. The property's size and layout are ideal for a variety of restaurant concepts, providing ample space for both dining and operational needs. Don't miss this chance to own a piece of Wichita Falls' culinary landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $247,144

  6.5%

  $228,133

  7%

  $211,838

• Comparable approach

  Method

  Valuation

  Relative Method

  $141,111

  Geo Method

  $145,655

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $440,882

  Mixed-Use / Specialty

  $228,935

  Hospitality / Lodging

  $170,066

  Office

  $229,258

  Institutional / Educational

  $238,578

  Residential Income

  $279,136

  Multifamily

  $325,823

  Automotive / Energy

  $204,496

  Parking / Income-Based Land

  $68,972.40

  Restaurant / Food Service

  $122,520

  Healthcare / Senior Housing

  $233,112

Location Insight

City

Wichita Falls

County

Wichita

State

Texas

Latitude

33.9041

Longitude

-98.5132

CBSA code

48660

CBSA name

WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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