405 Main StTaylor, TX 76574

Property Details for 405 Main St

Year built

2010

Lot size

0.12 AC

Property size (Sq ft)

2,930 SF

Property type

Commercial real estate

APN

R-13-0303-0960-90000

APU

R130303096090000

Description

This exceptional investment opportunity presents a thriving Mexican restaurant located at 405 S Main St, Taylor, TX 76574. The 2,000 square foot, single-story building sits on a 5,227 square foot lot and is zoned B2. Built in 1960 and extensively renovated in 2019, the property boasts recent updates including new wiring, roof, insulation, and flooring, along with kitchen improvements. Currently operating at 100% occupancy since November 30, 2022, the restaurant benefits from a high-traffic location on Hwy 95 in downtown Taylor. The Net Lease (NNN) agreement has a remaining term of approximately 1.4 years, expiring April 30, 2026, with a lease commencement date of April 15, 2024. The asking price is $850,000, representing a price per square foot of $425 and a 5.41% cap rate. The property generates a Net Operating Income (NOI) of $45,960. This is a turnkey operation ideal for investors seeking a strong return in a prime location. The property is offered for sale by owner. All information is believed to be accurate but is not guaranteed and should be independently verified.

• Alternative Use

  Use

  Valuation

  Residential

  $710,696

  Hospitality

  $650,994

  Educational

  $541,619

  Medical

  $560,246

  Retail

  $842,519

Location Insight

City

Taylor

County

Williamson

State

Texas

Latitude

30.5644

Longitude

-97.4087

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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