614 Tom Gill RdPenitas, TX 78576

Property Details for 614 Tom Gill Rd

Year built

2022

Lot size

0.51 AC

Property size (Sq ft)

468 SF

Zone code

CO

Property type

Drive through restaurants

APN

B2157-02-000-0018-00

APU

B215702000001800

Description

This exceptional turnkey taqueria presents a rare investment opportunity in the thriving city of Penitas, Texas. Located on the bustling Tom Gill Road, this 436-square-foot establishment sits on a spacious half-acre lot (0.51 acres), offering significant expansion potential. The property boasts high visibility and easy accessibility, ensuring a steady stream of customers. A convenient drive-thru further enhances customer convenience and operational efficiency. The existing taqueria is fully equipped and ready for immediate operation, eliminating the need for extensive renovations or setup. The high-traffic location and ample parking provide a significant advantage for attracting and retaining customers. This is an ideal opportunity for both seasoned restaurateurs seeking expansion and aspiring entrepreneurs looking to enter the food service industry with a pre-established, successful business model. The property's size and location offer significant upside potential for growth and increased profitability. The asking price of $185,000 represents a compelling investment in a proven, successful business within a dynamic market. Don't miss this chance to own a thriving taqueria in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $72,586.10

  6.5%

  $67,002.60

  7%

  $62,216.70

• Comparable approach

  Method

  Valuation

  Relative Method

  $42,443.20

  Geo Method

  $110,617

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $130,316

  Mixed-Use / Specialty

  $66,903.50

  Hospitality / Lodging

  $49,266.90

  Office

  $66,651.50

  Institutional / Educational

  $69,602.60

  Residential Income

  $81,435

  Multifamily

  $96,894.10

  Automotive / Energy

  $59,659.30

  Parking / Income-Based Land

  $20,449.70

  Restaurant / Food Service

  $35,095.20

  Healthcare / Senior Housing

  $68,465

Location Insight

City

Penitas

County

Hidalgo

State

Texas

Latitude

26.2496

Longitude

-98.4446

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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