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$306,760

101 E Lipscomb Street, Quitman, TX, 75783

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths3,485 Sq Ft
BusinessBusiness
Year BuiltBuilt in 1920

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringConcrete

Exterior

Lot Size3,999 sqft

Land Information

APN36958
Land UseCommercial
Legal DescriptionLOT 11D,12D,13D BLK 2 .0918 QUITMAN TOWNSITES
Census Tract950500
Assessed Land Value$8,000
Assessed Improvement Value$298,760
Assessment Year2025

About this property

Ready to own a piece of Quitman history? This is a wonderful opportunity to continue on the widely popular & established Jan's Restaurant and Grill! This family friendly establishment offers nostalgic home cooking style meals for breakfast, lunch & dinner. On the corner of Lipscomb and Main Street, it sits right across from the Wood County Courthouse & all of the Downtown Quitman businesses AND minutes from Lake Fork! The renovated interior is warmly inviting with a rustic & cozy feel throughout. There is a front lobby area perfect for small retail set up. Large, open dining area with soaring ceilings & small bar top area with tv set up. Two separate one room restrooms. Guests enjoy the beautiful Texas weather on the front patio, also with tv set up. Plentiful parking all around. No liquor license. Furniture and equipment negotiable. Please see transaction desk for seating & measurement information.

Investor Tools

Property Icon
$306,760
Estimated Property Value
$0Estimated Mortgage Balance
$306,760Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,579 /month
Positive
Cash Flow Estimate:
$860 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$499/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,451
$306,760
2025
$8,000
$298,760
$306,760
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,451
$306,760

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$306,760
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Quitman

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101 E Lipscomb Street | Property Details | No Agent List