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Restaurant Property with Attached Residence

209 Cottonwood Street Abilene, TX 79601

Claim this Listing
For Sale
$500,000

SINGLE_FAMILY - Abilene, TX

Type:Retail
Lot size:
0.42 Acres
Added:
May 23, 2026
Days on Market:
53
Last Refresh:
Jul 14 at 7:06 am

Property Features for 209 Cottonwood Street

General Information

Property type
Residential
Property subtype
Retail
Parking features
Parking Lot
Standard status
Active
APN
54740
Lot size
0.42 Acres

Taxes and HOA fees

Tax Description
OT ABILENE TIF #1, BLOCK 141, LOT 8 & 7 LESS
Tax Annual Amount
1652

Utilities

Heating system
Natural Gas, Central
Cooling system
Central Air, Electric

Building Details

Year built
1951
Floors in Building
1
Number of units
1
Flooring type
Tile
Building materials
Brick, WoodSiding
Roof type
Asphalt, Composition

Listing agent John Hill License #0627718

Listing office Barnett & Hill Abilene, TX

Listing date May 23, 2026

MLS# 21278692

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This two-parcel property centers on an operating restaurant known as Farilito, with a large bar space that has been unused for many years. An attached family home is included in the listing, reflecting the property’s long history and legacy operation. The seller is also willing to convey the business and recipes as part of the overall offering, subject to separate consideration from the real estate transaction.

The property is zoned LI, which permits restaurants along with bars, taverns, lounges, and clubs serving alcohol for on-site consumption as zoned uses. The listing is presented as a single opportunity that combines the restaurant real estate with the option to acquire the business continuity through the conveyed materials and operating assets.

For a buyer or operator, the combination of restaurant space, a usable floorplan opportunity via the existing bar area, and an attached residence can support a hands-on ownership model or a redevelopment of the on-site guest experience while staying within the zoning permissions for restaurant and alcohol-serving uses. The included business and recipes may also appeal to those seeking to preserve the Farilito concept and operational knowledge alongside the real estate.

Key Highlights

  • Two‑parcel property zoned LI, permitting restaurants and bars/taverns/lounges/clubs serving alcohol for on‑site consumption
  • Includes Farilito, Abilene’s oldest continuously‑operated restaurant
  • Restaurant space plus an attached family home included in the listing

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Farolito Restaurant Restaurant

Suggested Use

Dental Office Pharmacy (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Acupuncture (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Conventional restaurant - Legacy restaurant site with a large bar area and an attached family home, zoned for on-site-serving restaurants and bars.
Where is this conventional restaurant located?
The property is located at 209 Cottonwood Street Abilene, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two‑parcel property zoned LI, permitting restaurants and bars/taverns/lounges/clubs serving alcohol for on‑site consumption; Includes Farilito, Abilene’s oldest continuously‑operated restaurant; Restaurant space plus an attached family home included in the listing
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