520 SE 24TH Avenue, Perryton, TX 79070-5204
$745,000
Property Type:
Commercial
Square Footage:
37,030
Status:
Active
Current Price:
$745,000
Last Modified:
4/17/2026
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.
More Information MLS# 26-3231
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.
Property Information
Zone: 7000 - All areas in the 7000's
Photos are Virtually Staged: No
Realtor.COM Type: Commercial
Square Foot Source: Appr Measure
List Price Per Sq. Ft.: 20.12
Current Price: $745,000
List Price: $745,000
Area: 7230 - Perryton
Status: Active
Total SqFt. (+/-): 37030
Year Built: 1970
Taxes and Legal Information
City: Perryton
Legal: LOT 1 BLK 1 PERR CLUB
House #: 520
Street Direction Pfx: SE
Street Name: 24TH
Street Sfx: Avenue
State/Province: TX
Postal Code: 79070-5204
County: Ochlitree
Type of Business
Restaurant: 1
Commercial Zoning
Light Commercial: 1
Construction
Brick Veneer: 1
Property Features
Type of Business: Restaurant
Commercial Zoning: Light Commercial
Construction: Brick Veneer
Listing Office:
FIMC Commercial Realty
Listing Agent:
Kirk Chudej
Last Updated: April - 17 - 2026
Information deemed reliable but not guaranteed.