3,621 SF Restaurant Space 502 W Morgan St 4,525 SF Retail Building Meridian, TX 76665 For Sale

Located at 502 W Morgan in Meridian, Texas, this ±3,621 SF commercial property presents a turnkey investment opportunity in the heart of Bosque County's county seat. Situated on 0.49 acres with approximately 146 feet of frontage along West Morgan Road, the property enjoys excellent visibility and accessibility at a signalized intersection in close proximity to Highway 6.
This is a second-generation restaurant and retail space currently operated by Ay Jalisco Mexican Restaurant Bar & Grill, with all kitchen equipment included in the sale — making it an immediately operational opportunity for an owner-operator or a straightforward asset for an investor. Zoned Commercial (C), the property is well-suited for a variety of dining, retail, or service-oriented uses beyond its current configuration.
The following kitchen equipment is included with the sale of the property: stove with 10 cooktops, 1 fryer, flat top grill (72x33) with dedicated 6ft table, oven (38x30), steam table (6ft with 6 burners), vent hood (16ft 5in), vent hood (80in), walk-in freezer, walk-in cooler, sink with 2 compartments, dishwasher sink, chip machine, cheese grater machine, and assorted stainless steel prep tables. This equipment package represents a significant value-add for any incoming operator looking to hit the ground running.
The surrounding retail corridor adds significant appeal, with neighboring tenants including Allsup's, Valero, AmBest, Phillips 66, Brookshire Brothers, Subway, Dollar General, and Ace Hardware — all in immediate proximity, driving consistent daily traffic to the intersection. The local trade area supports a population of 7,203 with a median household income of $58,132, a median net worth of $177,838, and an unemployment rate of just 3.0%, reflecting a stable and engaged consumer base.
2024 taxes are $4,388.00. This property represents a compelling opportunity for investors or operators seeking a move-in-ready commercial asset in a growing Central Texas market.
For more information on this and our other available listings, please call our office at 254.870.0050 or visit us online at OnwardCRE.com today!