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El Atoron Restaurant 1821 Crestridge Dr 3,150 SF Retail Building Mesquite, TX 75149 $900,000 ($285.71/SF)
INVESTMENT HIGHLIGHTS
- Colse to city hall, library, hospital, post office and apartment and housing
- Easy access, plenty parking
- Cross street from schools and retail shopping center.
EXECUTIVE SUMMARY
Fully service restaurant and bakery. Remodeled again in 2024. 3150 S.F. in condensed residential, apartments, and retail areas. 18-year long term lease. Current rent $4600 a month, 3-1-27 $4900, 3-1-30 $5300, 3-1-33 $5600, 3-1-36 $5900. The tenant pays annual taxes and take care common area maintenance. It has walk-in cooler, bake stove, cooking lines, 3 compartment sink, hand sink, mop sink, washer, dryer connection etc. 1000 gallon grease trap. Everything meets the city requirement. Solid building with great appeal. Excellent investment opportunity. Please call 972-891-2088 if you need more information or a showing. Drive by to see it first, Panaderia MI Morelia at 1821 Crestridge Dr. Mesquite TX 75149.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$55,200
|
$17.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$55,200
|
$17.52
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $55,200 |
| Annual Per SF | $17.52 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $55,200 |
| Annual Per SF | $17.52 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,150 SF
Building Class
B
Year Built/Renovated
1955/2024
Price
$900,000
Price Per SF
$285.71
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.34 AC
Zoning
Commercial - restaurant
Frontage
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 38137500300200100 | Improvements Assessment | $5,000 |
| Land Assessment | $112,500 | Total Assessment | $117,500 |
PROPERTY TAXES
Parcel Number
38137500300200100
Land Assessment
$112,500
Improvements Assessment
$5,000
Total Assessment
$117,500
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Presented by
Amax Investment Company
El Atoron Restaurant | 1821 Crestridge Dr
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