502 Main StBorger, TX 79007

Property Details for 502 Main St

Lot size

0.14 AC

Property size (Sq ft)

8,658 SF

Property type

Other commercial real estate

APN

15939

APU

15939

Description

This exceptional commercial property located at 502 N Main Street in the heart of Borger, Texas, presents a unique investment opportunity. The 8,658 square foot building houses Onions Restaurant, a successful and established business with significant growth potential. The sale includes the restaurant's name, existing business operations, and the building itself. This turnkey operation offers immediate income generation and the chance to expand an already profitable venture. Adding to its appeal, the property also includes a separate rental unit, currently leased, providing an additional stream of passive income. This rental property offers further diversification and enhances the overall return on investment. Situated on Main Street, this property benefits from high visibility and foot traffic, ensuring optimal exposure for the restaurant and rental unit. The property's prime location within the downtown area of Borger makes it an attractive proposition for both established businesses and new entrepreneurs. This is a rare chance to acquire a well-established business with a proven track record, coupled with the added benefit of a separate income-generating rental property. The substantial square footage offers ample space for expansion or diversification of the existing business operations. Don't miss this opportunity to own a piece of Borger's vibrant downtown and secure a lucrative investment. The asking price is $599,000.

• Alternative Use

  Use

  Valuation

  Residential

  $1,355,121

  Hospitality

  $1,241,284

  Educational

  $1,032,733

  Medical

  $1,068,250

  Retail

  $1,606,474

Location Insight

City

Borger

County

Hutchinson

State

Texas

Latitude

35.6706

Longitude

-101.39

CBSA code

14420

CBSA name

BORGER, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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