Remodeled Downtown Bar
For Sale
$449,000
382 Chestnut Street, Abilene, TX 79602
CommercialSale, Abilene, TX
Property Size3,340 SF
Lot Size0.12 Acres
Price / SF$134.43
Days on Market90
Property Features for 382 Chestnut Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Central Business
Parking features
On Street, Offsite
Security features
Security
Subdivision
Ot Abilene
Directions
382 Chestnut at the intersection of S. 4th & Chestnut
Standard status
Active
APN
18299
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
OT ABILENE TIF #1, BLOCK 29, LOT E100 OF LT 6
Tax Annual Amount
8018
Legal Description
OT ABILENE TIF #1, BLOCK 29, LOT E100 OF LT 6
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Electric, Central Air
Water source
Public
Amenities
original tin ceilings
ADA compliant restrooms
catering kitchen
walk in cooler
Building Details
Year built
1922
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Brick, Concrete
Listing Agency:
Barnett & Hill
Listed By:
Timothy Smith · License #0824681
(325) 677-3500
Added: Jul 10
Changed: Sep 17
Last Checked: Oct 7 at 11:06PM
MLS# 20891944
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 bar property at 382 Chestnut Street includes a 3,340-square-foot air-conditioned building and an additional 1,160-square-foot covered, heated patio. The 1922 structure retains its original tin ceilings while incorporating renovations completed in 2018, including new plumbing, roof, HVAC, electrical, windows, and sprinkler systems. Two ADA-compliant restrooms, a catering kitchen, and a walk-in cooler support the existing bar operation and other commercial uses described for the space.
The property is located in Abilene’s SODA District, near The Mill, Abilene Axe, Oak Street Shoppe, KAO Lounge, Big Country Beer Garden, and private and county offices. Public water and sewer serve the building, with on-street and offsite parking available. Brick and concrete construction, concrete flooring, central natural-gas heat, and central electric air conditioning complete the existing improvements.
The property is located in Abilene’s SODA District, near The Mill, Abilene Axe, Oak Street Shoppe, KAO Lounge, Big Country Beer Garden, and private and county offices. Public water and sewer serve the building, with on-street and offsite parking available. Brick and concrete construction, concrete flooring, central natural-gas heat, and central electric air conditioning complete the existing improvements.
Key Highlights
- 3,340‑square‑foot air‑conditioned building with an additional 1,160‑square‑foot covered, heated patio
- Renovations completed in 2018 included plumbing, roof, HVAC, electrical, windows, and sprinkler systems
- Original tin ceilings retained in the 1922 building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,367
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,340
$667.3K
Cap Rate 7%
$476,671
$476.7K
Cap Rate 9%
$370,744
$370.7K
Market Conditions
NOI Build-Up for 3,340 SF
Gross rent
$48.1K $14.40/SF
− Vacancy
−$3.6K −$1.08/SF
EGI
$44.5K $13.32/SF
− OpEx
−$11.1K −$3.33/SF
NOI
$33.4K $9.99/SF
Area
Abilene, TX
Vacancy
7.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,340
Cap Rate 7%
$476,671
Cap Rate 9%
$370,744
Alternative Uses
Best Use
Specialty Retail
$476.7K
$417.1K – $556.1K
NOI $33,367 @ 7.0% cap · market cap 7.43%
Second Best
Retail
$405.6K
$354.9K – $473.2K
NOI $28,393 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$745.7K
$652.5K – $870.0K
NOI $52,200 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,568
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79602, TX
25,389
Population
11,127
Households
2.3
Avg Household Size
36
Median Age
34%
College-Educated
91%
High-School Grad
121.7 sq mi
ZIP Area
209
Density / Sq Mi
$84,845
Median Household Income
$39,044
Median Earnings
$1,123
Median Rent
$233,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Eskimo Hut - Frozen Daiquiris To-Go — 1049 S Treadaway Blvd, Abilene, TX 79602
- The Handle Bar at Bike ABI — 409 S Treadaway Blvd, Abilene, TX 79602
- Amendment 21 — 382 Chestnut St, Abilene, TX 79602
- The Mill Wine Bar & Event Center — 239 Locust St, Abilene, TX 79602
- KAO Lounge — 137 B Oak St, Abilene, TX 79602
Frequently Asked Questions
What type of property is this?
Bar & Pub - Air-conditioned bar property with a covered patio, catering kitchen, walk-in cooler, and updated commercial systems.
Where is this bar & pub located?
The property is located at 382 Chestnut Street Abilene, TX.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 3,340‑square‑foot air‑conditioned building with an additional 1,160‑square‑foot covered, heated patio; Renovations completed in 2018 included plumbing, roof, HVAC, electrical, windows, and sprinkler systems; Original tin ceilings retained in the 1922 building
