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$1,100,000

304 W Broad St, Mineola, TX, 75773

On MarketInfo
Just AddedInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths7,462 Sq Ft

About this property

Bring your vision to an established Mineola restaurant with 21 years in business! Paredes Family Restaurant at 304 W Broad Street offers approximately 7,462 square feet, a large newly created bar and approximately 19,000 square feet of concrete parking near historic downtown. The spacious footprint offers flexibility for continued restaurant operations, an expanded dining and bar concept, private dining or group events. Known for American and Mexican home-style offerings, Paredes has earned Next-door Neighborhood Favorite recognition in 2020, 2023 and 2024. This offering combines the real estate, operating business and restaurant-related furniture, fixtures and equipment.. Continue an established local tradition or introduce your own concept while owning the underlying property. Buyer to verify measurements, permitted uses, occupancy and alcohol licensing.

Investor Tools

$0Estimated Mortgage Balance
$391,390Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,600 /month
Positive
Cash Flow Estimate:
$2,200 /month

Interested in this property?

Laura Hooker

Leslie Cain Realty, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$639/month
No HOA
5.947%

City: Mineola