1612 US-70 - Restaurant FOR SALE


Olton, TX 79064
$549,000 USD
559-705-1000
1612 US-70, Olton, TX for Sale
$549,000 USD
Restaurant - FOR SALE
1/10
null | Request Cap Rate

1612 US-70
Olton, TX 79064


HIGHLIGHTS

  • Like-New Restaurant w/ Drive Thru in Olton, Texas
  • Quality Clean Kitchen, Storage Room, & Large Open Areas
  • $500 Monthly Income from Twice Pure Water on ±11,814 SF of Additional Land
  • Previously Occupied By Dairy Queen | Well-Known Building
  • All Improvements and Kitchen Equipment Included
  • Functional Layout w/ Endless Opportunities | Recently Operated

OVERVIEW

±2,160 SF recently occupied freestanding drive thru restaurant space located in Olton, Texas. The site features a turn key restaurant which was a former Dairy Queen. The functional floorplan includes an up-to-date, formerly operational kitchen improvements such as a hood, range, oven, flat top, grill, several refrigerators and freezers, large open areas, separate kitchen and food preparation area, multiple restrooms, & more. The property offers excellent visibility and convenient access, with a fully lit parking lot (13.9/1,000 SF), excellent existing signage, & direct access to Hwy 70 & Hwy 385 making it an ideal rest stop for travelers & nearby employees. Additional Income - The property also features an ice machine from Twice Pure Water who pays $500 monthly on included ±11,814 SF piece of land situated next to the main building. Subject property is located off Highway 70 just west of Main Street, & north of 2nd street in Olton, Texas. Olton Texas is located in northeast Lamb County just twenty miles northeast of Littlefield and 45 miles north of Lubbock. Olton was the first town in Lamb county and as such became the first county seat when the county was organized in 1908. Olton is home of Racing Hall of Famer Carl Nafzger as well as American country music singer, actor, television host, and businessman, Jimmy Dean. A large source of income in Olton comes from the Olton Grain Coop which are leaders in the area of fertilizer application, and were the first in the area with GPS guidance systems.

FOR SALE DETAILS

PRICE

$549,000 USD

PRICE/SF

$254 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Freestanding Drive-Thru Restaurant Building i

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,996 SF

ZONING

CMX

APN/PARCEL ID

R22056,R22325

ASK ABOUT THIS PROPERTY

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559-705-1000

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Jared EnnisCentral CA CommercialMore Info
559-705-1000

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