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200 U.S. 175 Highway W

Athens, TX 75751
  • $1,000,000
  • STATUS: Active
  • ON SITE: 27 Days
  • MLS #: 20266673
UPDATED: 24 min ago
$1,000,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1982
County:
Area:

School Ratings & Info

Offered by Melanie White of Call It Closed Realty: 972-955-2735.

Description

Current income is based on restaurant being open only 3 days per week!!! This is an amazing opportunity to purchase an income producing restaurant with ample value add opportunity! Room to add a bar and BBQ. Restaurant has good following and has been operating for 40 years. All equipment and furnishings convey. Total restaurant makeover over last 24 months! Fully staffed with excellent long term employees. Same owners have another restaurant for sale through me. Great opportunity to purchase two locations with Highway frontage or one location with value add opportunity and smoothly running restaurant.

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© 2023 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Madewell Real Estate Company. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Madewell Real Estate Company are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-03-26T07:42:05.657.
www.madewellrec.com/homes/137279921
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200 U.S. 175 Highway W Athens, TX 75751

  • Price: $1,000,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 24 min ago
  • MLS #: 20266673
0
Beds
0
Baths
0
½ Baths
0.29
Acres
1982
Built
Neighborhood:
C2409
County:
Henderson
Area:
Athens
Property Description
Current income is based on restaurant being open only 3 days per week!!! This is an amazing opportunity to purchase an income producing restaurant with ample value add opportunity! Room to add a bar and BBQ. Restaurant has good following and has been operating for 40 years. All equipment and furnishings convey. Total restaurant makeover over last 24 months! Fully staffed with excellent long term employees. Same owners have another restaurant for sale through me. Great opportunity to purchase two locations with Highway frontage or one location with value add opportunity and smoothly running restaurant.
Exterior Features

Construction BrickConcrete Construction Materials Walls Brick Foundation Slab Lot Dimensions 97€„¢ X 176€„¢ X 105€„¢ X 104€„¢ Lot Size Source Appraiser Parking Or Garage Additional Parking Road Frontage Type Highway Roof Metal

Interior Features

Accessibility Features Meets Ada Requirements Ceiling Height 8 To10 Feet Cooling Central AirElectric Flooring Concrete Handicap YN Yes Heating CentralElectric Sq Ft Gross 12807

Property Features

Alarm Or Security Type Carbon Monoxide Detector(S)Fire Alarm Building Area Source Public Records Building Area Total 2806.00 Building Use Food Service Business Name Catfish Palace Construction Status Preowned Gross Annual Expenses 128000.00 Gross Annual Income 202150.00 List MLSProvider Metrotex Association Of Realtors Listing Terms 1031 ExchangeCashOther Max Lease Rate 0.00 Min Lease Rate 0.00 Multi Zoning No Municipal Utility District No Net Operation Income 70000 Operating Expense Includes AccountingCapital ImprovementsInsuranceLegalLicensesMaintenanceMaintenance GroundsManagerPayrollPest ControlSecurityStaffSuppliesTrashUtilitiesWater/SewerOther Owner Pays All UtilitiesSewerTaxesWater Possession Closing/Funding Property Type Business Tenant Pays Other Transaction Includes BusinessFranchiseFurnitureInventoryLand & ImprovementsMachinery Utilities City SewerCity WaterConcreteCurbs Will Subdivide No Zoning Commercial

North Texas Real Estate Information Systems MLS logo Listing information © 2023 North Texas Real Estate Information System.


© 2023 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Madewell Real Estate Company. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Madewell Real Estate Company are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-03-26T07:42:05.657.
 
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Madewell Real Estate Company
5124 82nd St
Lubbock TX, 79424
Offered by Melanie White of Call It Closed Realty: 972-955-2735.