520 SE 24TH Avenue, Perryton, TX 79070-5204 (MLS# 26-3231)

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
City: Perryton

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.

Type of Business

Restaurant: Yes

Commercial Zoning

Light Commercial: Yes

Construction

Brick Veneer: Yes

More Information

Property Features

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

Documents

Flyer ›

Listing Office: FIMC Commercial Realty

Listing Agent: Kirk Chudej

Last Updated: June - 23 - 2026

Information deemed reliable but not guaranteed.