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33837594
33837610

7224 Glenview Drive, Richland Hills, TX 76180

IV
TX 605963
$1,200,000
6 days on market
Updated 6 days ago

7224 Glenview Drive

Details
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 3,104
Units 23
Cap Rate 4.33%
NOI $52,000
Occupancy 100%
Tenancy Single
Pro-Forma Cap Rate 4.33%
Pro-Forma NOI $52,000
Price per SqFt $387
Year Built 1955
Acreage 0.390
Zoning COM'L BLDG
Parking Spaces 23 spaces
Parking Per SqFt 7.41
Investment Type Owner/User
Ground Lease No
Sale Condition N/A

Fully operational, turnkey restaurant/bar and real estate in the heart of Richland Hills!

Marketing description

Exceptional opportunity to acquire a fully operational, turnkey restaurant and bar in the heart of Richland Hills. Located on highly traveled Glenview Drive near the intersection of TX-26 Grapevine Highway, this freestanding commercial property offers outstanding visibility, easy access, and ample on-site parking. Originally a residential property, the site has been successfully rezoned for commercial use and is currently operating as a popular African-Caribbean restaurant and bar. The sale includes the real estate, building, business, furniture, fixtures, equipment (FF&E), inventory, and improvements, providing a rare opportunity for an owner-operator or investor to step into an established operation from day one. Situated on approximately 0.39 acres, the property features indoor dining, bar area, outdoor seating, a family-friendly outdoor gathering space, storage areas, and additional rear parking. Strong value-add opportunity: continue the existing successful concept, reposition to a higher-performing franchise or regional brand, or convert to a sports bar, fast-casual concept, brewpub, or mixed-use food and beverage destination. The property’s zoning, location, and improvements significantly reduce time-to-market for new operators. Ample on-site parking supports high-volume service, private events, and peak-hour demand. Infrastructure is already in place for food service operations, minimizing startup costs and operational delays for new ownership. Opportunities of this caliber combining real estate ownership, established restaurant infrastructure, and a turnkey operating business on a high-visibility commercial corridor are rare in the Richland Hills market.

Investment highlights

7224 Glenview Dr presents investors with the opportunity to acquire a fully operational, income-producing restaurant asset generating approximately $177,418 in annual gross revenue and $52,000 in net operating income. The sale includes the real estate, established business operations, and all furniture, fixtures, and equipment (FF&E), creating a true turnkey investment with immediate cash flow potential. With annual operating expenses of approximately $67,000, strong visibility along a high-traffic corridor, ample on-site parking, and a strategic location surrounded by dense residential neighborhoods, the property offers both stable income and future upside through operational growth, expanded hours, catering, delivery services, or concept repositioning.

Listing Contacts

IV
TX 605963

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$52,000.00
$4,333.33/mo

Valuation Metrics

0
DSCR
4.33%
Cap Rate
4.33%
ROI

Map

Zoning

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Last updated May 13, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Israel Varela
License
TX 605963
Brokerage
LPT Realty
Brokerage Phone
877-366-2213
Title
Broker of Record
Brokerage Address
701 Highlander Blvd Suite 520, Arlington, TX 76015
Name
Israel Varela
License
605963
Brokerage
LPT Realty, LLC
Brokerage Phone
877-366-2213
Title
Broker Associate
Brokerage Address
701 Highlander Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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