109-111 S Main St - Restaurant FOR SALE


Irving, TX 75060
$1,750,000 USD
469-520-1198
109-111 S Main St, Irving, TX for Sale
$1,750,000 USD
Restaurant - FOR SALE
1/43
null | Request Cap Rate

109-111 S Main St
Irving, TX 75060


HIGHLIGHTS

  • Event Venue that can accommodate over 100+ guests
  • “Event Venue” use is allowed by ordinance
  • Abundant public parking on main street and nearby public parking lots
  • Extensive renovation in 2019
  • Equipped with a full commercial kitchen (additional FF&E can be included in sale)
  • Includes a 1-bedroom bridal suite with a private restroom and shower

OVERVIEW

The property consists of two “buildings”—109 S Main St (2,825 SF) and 111 S Main St (3,475 SF) totaling 6,300 RSF. The front area of the two buildings has been combined to form a venue for weddings, receptions, private parties, corporate meetings, and showers. The reception area can accommodate 60 – 90 guests for receptions and banquets and over 100 guests for mixers/cocktail style events. Both buildings underwent extensive renovation in 2022. There is abundant street parking available along Main Street extending from Rock Island Road to Second Street. There are also several nearby public parking lots. The Property features a full commercial kitchen with additional FF&E that can be included in the sale. The property sits in the heart of Irving’s downtown "Heritage Crossing" area. This highly accessible, pedestrian-friendly core is located just a few blocks from the Downtown Irving/Heritage Crossing Station, which is serviced by the Trinity Railway Express (TRE) commuter rail. The station features a large, open public Park & Ride lot that naturally serves as free evening and weekend overflow parking for nearby venues. Over the past five years, the Heritage District has transitioned from a sleepy historical pocket to an active cultural and retail destination. Signature city-backed community programming like the "Experience Main Street" initiative now draws thousands of recurring visitors directly past the Main Street storefronts. This commercial foot traffic, combined with initiatives like the Heritage Square Mixed-Use Project (a landmark $52 million mixed-use urban development that converts a former industrial lumber yard into a dense urban community featuring retail spaces and luxury apartments) and City agreements to bring up to100 new single-family homes to the Delaware Creek corridor (just minutes from Main Street) have driven a steady rise in commercial land valuation and rental premiums in the South Irving submarket. The City of Irving has treated the Heritage District as a high-priority redevelopment zone via specialized funding vehicles: • Tax Increment Financing (TIF District 2): Property tax revenue growth generated within downtown Irving is actively reinvested into local public improvements, including historic façade restorations, utility upgrades, and widened walkways. • Downtown Capital Improvements: Over $109 million in public and private capital has been funneled into the Heritage District to upgrade parks, renovate recreation hubs, and enhance streetscapes. This includes a $22.2 million reconstruction of Irving Boulevard specifically targeted at optimizing parallel parking, wastewater systems, and bike/pedestrian infrastructure. • Flood Mitigation Projects: The city recently secured over $105 million in state financing and grants (including $70 million from the Texas Water Development Board) to overhaul the adjacent Delaware Creek Channel. This protects downtown real estate footprints from historic flood risks and stabilizes long-term asset valuations. • Municipal Incentive Programs: The city operates an active Land Bank Program to repurpose underutilized space, as well as a Business Enhancement Incentive program that actively subsidizes building exterior renovations and curb appeal enhancements for local business owners.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$278 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Glory House Event Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

HCD-CMU

APN/PARCEL ID

32000500100210000,32000500100220000

ASK ABOUT THIS PROPERTY

John TorresPreeminent CRE GroupMore Info
469-520-1198

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John TorresPreeminent CRE GroupMore Info
469-520-1198

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.