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806 Pizza House 1140 Kermit St

3,760 SF Retail Building Plainview, TX 79072 $1,650,000 ($439/SF)

Investment Highlights

  • Heavy vehicle traffic seven days a week.
  • Right off of I-27 and Hwy. 70
  • Adjacent vacant lot included in full price of sale

Executive Summary

Price Options:
- Building + Lot + Business (equipment) $1.65M
- Building + Lot $1.45M
- Building + Business (equipment) $1.45M
- Building ONLY/Empty $1.25M

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,760 SF
Year Built
2021
Price
$1,650,000
Price Per SF
$439
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Land Acres
1.06 AC
Zoning
Commercial
Parking
65 Spaces (12.5 Spaces per 1,000 SF Leased)
Frontage
500 FT on Kermit

Amenities

  • Corner Lot
  • Freeway Visibility
  • Restaurant
  • Signage
  • Drive Thru
  • Accent Lighting
  • Storage Space
  • Air Conditioning

About 1140 Kermit St , Plainview, TX 79072

Built approximately three years ago to be the home of 806 Pizza House, this building has served as a restaurant in an excellent seven-day a week heavy-traffic location. Kermit Drive is highly traveled to restaurants, Walmart Supercenter, banks, hotels, churches, apartment buildings and other shopping areas. East of the restaurant is Interstate 27 and to the south is Hwy. 70. The beautiful brick building is nicely landscaped and also has a covered drive-up window. The interior is extremely clean and updated. There are options for purchasing building with or without business, as well as all equipment. Best location in town! Right off Interstate 27 and Highway 70. Extremely heavy traffic seven days a week with vehicles driving to Walmart Supercenter. Plus, located right by McDonalds, Burger King, Taco Bell, Chicken Express, Chili's, Subway. Buyer can keep this property as a pizza restaurant or the building can be used as a retail store, doctor's office clinic or a national franchise business. Brand new building constructed in 2021. There is an extensive detailed list highlighting the building's amenities in the attached supplement. There are two lots with this sale. The new owners could sell or put another building on the extra lot (Lot B). The lots are together and total 1.061 acres of land. All utilities are completed and available on both lots. No extra costs should come up for the Buyers for city water, city sewer, electricity, natural gas, paving, curb or gutter expenses. If Buyer chooses to continue using the building as a restaurant, there is a 2,000 gallon grease trap with easy access and service. The 15'x22' private office has its own private restroom. The other two restrooms are handicapped accessible. Important to know is that the 4-5 ton air conditioning unit sits on the ground level, not on the roof like other commercial buildings. Easy to keep epoxy flooring is in the kitchen area. An unusual feature are the two entry doors for easy customer access. Building blueprint and floor plans are available, as well as construction design, survey and plat easement. Great opportunity and location for many types of businesses. Owner will also sell the property without the 806 Pizza House business and equipment at a reduced price or sell the property without the extra lot also at a reduced price. BUILDING INFO: Description: - 3760 sq. ft. - Parking ratio 13.71/1,000 SF - Year Built 2021 - Brick building 100% - 2 oversized electrical circuit breaker panels - 2 awnings signage (53' & 58') - Oversized drive thru with high ceiling 16' - Fountain drink area with double insulated exterior doors for servicing - Double entry doors - 16' high ceiling at the dining area - 4 - 5 ton AC / Heater unit - Drop ceiling inside the entire kitchen - Great spacious office (15x22) with a private restroom - 2,000 gallons grease trap with easy service - Landscaping - 6 - 20' LED parking lot (doubles) - Parking asphalt & concrete - Lots of concrete with footage for future expansion for the dining area and the kitchen - 11 windows for the dining area with 10 -75" TV - Epoxy flooring in the kitchen - Hardwood Italian floor in the dining area, office and part of the kitchen. - 2 full size restrooms and one private restroom for the office - TPO roof 40 m - Lot size 1.02 acre divided in 50/50 - Empty lot is a commercial lot without ANY easement - Private utility easement feeding both lot with Water, Gas, Electricity, Cable, Internet & Sewer - Island lot surrounded by Kermit Dr. west, 13th street south, parking lot north & parking lot east - Fenced storage area behind the building (1,000 sq. ft.) - Private oversized dumpster fenced - Best location in town. Right off Interstate 27 & Highway 70. Located right by Walmart, McDonald's, Burger King, Taco Bell, Chicken Express, Chili's, movie theater, Subway Price Options: - Building + Lot + Business (equipment) $1.65M - Building + Lot $1.45M - Building + Business (equipment) $1.45M - Building ONLY/Empty $1.25M INTERIOR INFO: Capacity 68 Equipment: - Walk-in cooler 10x12 - 4 commercial fryers - 93" prep pizza table cooler - 2-48" prep table cooler - Double stack XLT oven 48-70 Gas - 3 double door stainless refrigerators - 2 double door stainless freezers - 6 single door freezers - Ice maker 500 lbs. - Biggest commercial sink available (Stainless) - Gas grill 36" - Double stack convection oven Gas - 2 fountain machines - 11 booths and tables - 6 tables and 24 chairs - 7 - 75" TVs - 5 - 43" TVs - 4 commercial stainless steel tables (82") - Kitchen surrounded with stainless steel sheet on the walls and FRP - Office furniture, recliner and sofa. Brand new. - Outdoor security cameras x12 - Indoor security cameras x12 - 2 salad bar coolers - 1 oversized pizza buffet warmer - 2 pasta warmers - Shelfs x8 (30"x108") - Automatic slicer Hobart - Dough mixer Hobart - Mop sink - 2 hand sink - 1 one compartment sink with a table connected - 2 Hoods Class A (15') and Class B Stainless (12') - 8 Pepsi cooler single and double doors - Brand new water heater 50 gallons low ball - 3 hand dryers - electric

Nearby Major Retailers

Chili's
Anytime Fitness
IHOP
Taco Bueno
Planet Fitness
Starbucks
PNC Bank
Prosperity Bank
United Supermarkets
The YMCA

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 73322
  • 116526
Land Assessment
$481,431
Improvements Assessment
$366,730
Total Assessment
$848,161
  • Listing ID: 31353693

  • Date on Market: 3/28/2024

  • Last Updated:

  • Address: 1140 Kermit St, Plainview, TX 79072

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