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Days50Days on Market
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$850,000

$900,000

424 N Texas St, De Leon, TX, 76444

On MarketInfo
CommercialInfo
Price DropInfo
Baths0 Bath
Baths7,164 Sq Ft
price_per_sqft$118.65 / sqft
Year BuiltBuilt in 1986

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringCeramic Tile, Concrete

Exterior

Lot Size11,500 sqft

Building Information

Year Built1986

Land Information

APN775
Lot Number8,9
Land UseCommercial
Legal DescriptionORIG DELEON, BLOCK 7, LOT 8 & 9
Census Tract950101
Assessed Land Value$12,650
Assessed Improvement Value$244,850
Assessment Year2025

About this property

Rarely does an opportunity like this come along in the heart of De Leon, Texas. This thriving, fully operational Mexican restaurant conveniently sits on main street with outstanding visibility and over 7,000 square feet of commercial space ready for its next owner from day one. Originally built in the 1980's and recently updated, the property features a spacious dining area that comfortably accommodates 100+ guests, plus a beautifully renovated private room perfect for business meetings, wedding receptions, graduation parties, private events, and more. The commercial kitchen is fully equipped with professional-grade appliances and a commercial hood and everything you need to hit the ground running. The sale includes all furniture, fixtures, and equipment (excluding personal decor), making this a true turnkey investment property. Utilities include city water, city sewer, and an on-site propane tank that supplies propane for cooking. As a bonus, the property includes a 3-bedroom, 2-bathroom on-site suite which is ideal for an owner or an operator looking to live steps from their business or as additional rental income potential. With a loyal customer base, high foot traffic, and a proven concept already in place, this is an exceptional opportunity for an entrepreneur or investor ready to take over a successful operation in a prime location. Don't miss your chance to own a landmark dining destination in the friendly atmosphere of De Leon, TX where roots run deep.

Investor Tools

$0Estimated Mortgage Balance
$257,500Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,100 /month
Positive
Cash Flow Estimate:
$1,700 /month

Interested in this property?

Rose Lopez

Keller Williams Brazos West

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$513/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,871
$257,500
2025
$12,650
$244,850
$257,500
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,871
$257,500

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$257,500
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

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.

Explore Texas Explore This Area
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: De Leon

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424 N Texas St | Property Details | No Agent List