Raymond Guzman Realtors

520 SE 24TH Avenue, Perryton, TX 79070-5204

$625,000
Property Type: Commercial Square Footage: 37,030 Status: Active
Current Price: $625,000 Last Modified: 6/23/2026

Overview

Description

Broken Horn Steakhouse is positioned as a full-service steakhouse and event-oriented hospitality asset in Perryton, Texas. Based on the deal inputs previously provided, the offering is underwritten on an illustrative real estate price basis of $650,000 and trailing net operating income of approximately $71,000. On that basis, the implied real estate cap rate is approximately 10.9%, creating a compelling yield profile for investors seeking a small-market hospitality asset with in-place cash flow, owner-operator appeal, and potential upside through food and beverage optimization, events, and operating efficiencies. Business and Real Estate sold together.

Listing Details MLS# 26-3231

Property Information

Zone
7000 - All areas in the 7000's
Area
7230 - Perryton
Realtor.COM Type
Commercial
Total SqFt. (+/-)
37030
Square Foot Source
Appr Measure
List Price Per Sq. Ft.
16.88
Year Built
1970
Photos are Virtually Staged
No

Taxes and Legal Information

House #
520
Street Direction Pfx
SE
Street Name
24TH
Street Sfx
Avenue
State/Province
TX
Postal Code
79070-5204
County
Ochlitree
Legal
LOT 1 BLK 1 PERR CLUB

Contract Information

L/A Supervisor
Bill Chudej
L/A Supervisor License Number
331043
Directions
From Main St. turn right on Se 24th property is on the right.

More Information

Property Features

Type of Business: Restaurant Commercial Zoning: Light Commercial Construction: Brick Veneer

Documents

Listing Office: FIMC Commercial Realty
Listing Agent: Kirk Chudej
Last Updated: June - 23 - 2026
Information deemed reliable but not guaranteed.

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