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$ 625,000
Est. payment /mo
Active
520 SE 24TH AVE Perryton, TX 79070
37,030 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 37,030 sqft
Price per Sqft $16
MLS Listing ID 26-3231
Year Built 1970
Source Amarillo Association of REALTORS®
Property Description
Broken Horn Steakhouse is positioned as a full-service steakhouse and event-oriented hospitality asset in Perryton, Texas. Based on the deal inputs previously provided, the offering is underwritten on an illustrative real estate price basis of $650,000 and trailing net operating income of approximately $71,000. On that basis, the implied real estate cap rate is approximately 10.9%, creating a compelling yield profile for investors seeking a small-market hospitality asset with in-place cash flow, owner-operator appeal, and potential upside through food and beverage optimization, events, and operating efficiencies. Business and Real Estate sold together.
Location
State TX
County Ochlitree
Area 7230 - Perryton
Direction From Main St. turn right on Se 24th property is on the right.
Region Perryton
City Region Perryton
Exterior
View Y/N No
Building
Structure Type Brick Veneer
Others
Ownership BROKENHORN STEAKHOUSE LLC
Security Features Surveillance equipment on-site
Listed by Kirk Chudej • FIMC Commercial Realty