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Days78Days on Market
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$399,500

$439,000

605 Calinco Dr, Granbury, TX, 76048

On MarketInfo
CommercialInfo
Price DropInfo
Baths0 Bath
Baths1,200 Sq Ft
BusinessBusiness
Year BuiltBuilt in 1968

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringOther, Tile

Exterior

Lot Size18,731 sqft

Building Information

Year Built1968
Stories1

Land Information

APN13980.004.0001.4
SubdivisionSouthtown Plaza
Land UseCommercial
Legal DescriptionACRES: 0.430 BLK: 4 SUBD: SOUTHTOWN PLAZA TRACT: 1 S 125
Census Tract160206
Assessed Land Value$93,660
Assessed Improvement Value$25,510
Assessment Year2025

About this property

Recently known as Anise Restaurant, this building offers many possibilities. As the 377 corridor prepares for the widening project, this location is ideal because it is a few blocks off the busy roadway, yet easily accessible from Plaza Drive. With the expanded parking lot and area in the back of the building, there is room to grow. If you are searching for a building that is turn-key and ready to go, this is it. There is a main area as you enter the building, with a smaller area to the left. Two updated bathrooms are ideal for a variety of businesses. Two back rooms are currently used as the commercial kitchen and storage areas. This building could be a beauty salon (what it was prior to Anise), a professional office, dog grooming, small medical, holistic wellness, or keep it as a unique dining experience. Finding commercial spaces in Granbury can be difficult, so this opportunity awaits the person who could use this footprint. The price reflects the real estate only. If someone would like to purchase the restaurant equipment and inventory, the owner may be open to a private buy-out agreement, thereby giving a new business owner a potential head-start for their new business. These terms will be agreed upon between the Seller and a potential, qualified buyer. The space is clean and ready to go. The added parking spaces and within a gated area provide plenty of customer parking and added security. Come and see this unique space today!

Investor Tools

$0Estimated Mortgage Balance
$119,170Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,397 /month
Positive
Cash Flow Estimate:
$799 /month

Interested in this property?

Paula McDonald

Beam & Branch Realty, PLLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$207/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,888
$119,170
2025
$93,660
$25,510
$119,170
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,888
$119,170

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$119,170
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: Granbury

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605 Calinco Dr | Property Details | No Agent List