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Sonic 1298 N Bailey St 1,417 SF Retail Building Electra, TX 76360 $395,000 ($278.76/SF)
Investment Highlights
- Fantastic commercial opportunity with prime visibility and easy access on and off of Hwy 287 in Electra, TX.
- High-traffic location with strong frontage and exposure.
- Former Sonic Drive-In location offers a recognizable site with existing drive-thru infrastructure and ample parking.
Executive Summary
Fantastic commercial opportunity with prime visibility and easy access on and off of Hwy 287 in Electra, TX. Former Sonic Drive-In location offers a recognizable site with existing drive-thru infrastructure, ample parking, and excellent potential for a restaurant, retail, or service business. High-traffic location with strong frontage and exposure. Positioned on a major travel corridor through North Texas.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,417 SF
Year Built
2001
Price
$395,000
Price Per SF
$278.76
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.78 AC
Amenities
- Corner Lot
- Restaurant
- Drive Thru
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 109863 | Improvements Assessment | $268,037 |
| Land Assessment | $33,977 | Total Assessment | $302,014 |
Property Taxes
Parcel Number
109863
Land Assessment
$33,977
Improvements Assessment
$268,037
Total Assessment
$302,014
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Sonic | 1298 N Bailey St
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