1134 Main StPearland, TX 77581

Property Details for 1134 Main St

Year built

1983

Construction

FRAME

Lot size

2.93 AC

Property size (Sq ft)

4,800 SF

Property type

Turn key restaurants

APN

0542-0058-000

APU

5420058000

Description

This exceptional opportunity presents a fully operational, second-generation restaurant in Pearland, Texas. Situated on a substantial 2.925-acre lot, this 11,388 square foot property boasts a prime location on North Main Street, benefiting from the high visibility and traffic flow of Highway 35, and convenient access to Beltway 8. The property is currently 100% occupied and includes all necessary equipment, furniture, and fixtures, making it a truly turnkey operation. Ample parking is available on the expansive lot to accommodate a large customer base. The building's zoning is suitable for a variety of restaurant concepts, offering flexibility for potential buyers. This established restaurant benefits from a loyal customer base and is surrounded by thriving residential communities, retail centers, and businesses, ensuring a strong customer base. The asking price is $2,750,000. This is an ideal opportunity for an established restaurant brand seeking expansion or a new venture ready to capitalize on a well-established location and existing infrastructure. The property is ready for immediate operation, allowing for a seamless transition and immediate revenue generation. The sale includes all fixtures and equipment, minimizing start-up costs and maximizing return on investment. This is a rare opportunity to acquire a thriving business in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,445,080

  6.5%

  $1,333,920

  7%

  $1,238,640

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,787,901

  Geo Method

  $3,621,422

• Alternative Use

  Use

  Valuation

  Residential

  $1,125,212

  Hospitality

  $1,030,688

  Educational

  $857,520

  Medical

  $887,012

  Retail

  $1,333,920

Location Insight

City

Pearland

County

Brazoria

State

Texas

Latitude

29.5916

Longitude

-95.2873

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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