Mixed-Use Property with Secured
For Sale
Contact for pricing
1120 S Chadbourne St, San Angelo, TX 76903
CG/CH zoning accommodates retail, office, automotive, service, and drive-through uses.
Property Size2,000 SF
Price / SF$140
Days on Market50
Property Features for 1120 S Chadbourne St
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
10
Property subtype
RETAIL
Zoning
CG/CH
Property Condition
Severity
Repairs Needed
Evidence
Interior repairs are currently being completed
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
drive-through canopy
air hose and water lines
Listing Agency:
Steve Eustis Co
(325) 653-1489
Listed By:
Todd Kolls · License #809009
(325) 212-2894
Source:
Moodyscre
Added: Sep 17
Changed: Oct 25
Last Checked: Nov 4 at 1:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Steve Eustis Co
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Investment Insights
Based on property information with market context.
This mixed-use commercial property combines approximately 2,000 square feet of retail or office space with a front drive-through canopy and parking for approximately 10 vehicles. The site previously operated as a mechanic shop and retains air hose and water lines that may support automotive or service-related operations. Interior repairs are currently underway, while the exterior has been recently painted.
A new metal fence encloses the large rear yard, creating secured outdoor space for storage, work, or parking. Front driveway access is supplemented by a side exit onto E. Avenue H, allowing circulation through the property. The parcel occupies the corner of S. Chadbourne St and E. Avenue H in San Angelo, near established automotive, restaurant, retail, and service businesses and minutes from downtown.
A new metal fence encloses the large rear yard, creating secured outdoor space for storage, work, or parking. Front driveway access is supplemented by a side exit onto E. Avenue H, allowing circulation through the property. The parcel occupies the corner of S. Chadbourne St and E. Avenue H in San Angelo, near established automotive, restaurant, retail, and service businesses and minutes from downtown.
Key Highlights
- Approximately 2,000 square feet of retail or office space
- CG/CH (General Commercial/Heavy Commercial) zoning
- Front drive‑through canopy with parking for approximately 10 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,250
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,000
$405.0K
Cap Rate 7%
$289,286
$289.3K
Cap Rate 9%
$225,000
$225.0K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$36.0K $18.00/SF
− Vacancy
−$3.6K −$1.80/SF
EGI
$32.4K $16.20/SF
− OpEx
−$12.2K −$6.07/SF
NOI
$20.3K $10.13/SF
Area
Tom Green County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,000
Cap Rate 7%
$289,286
Cap Rate 9%
$225,000
Alternative Uses
Best Use
Retail
$383.5K
$335.6K – $447.4K
NOI $26,846 @ 7.0% cap · market cap 9.59%
Second Best
Mixed Use
$289.3K
$253.1K – $337.5K
NOI $20,250 @ 7.0% cap · market cap 7.23%
Theoretical Best
Multifamily LT 5
$1.53M
$1.34M – $1.79M
NOI $107,171 @ 7.0% cap · market cap 38.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
941
Businesses Nearby
84k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 96%
Hotels & Casinos 2%
Shops & Services 2%
McDonald's
Dining
44,161 visits/mo
0.4 miles
7 Brew Coffee
Dining
19,769 visits/mo
0.5 miles
KFC
Dining
10,239 visits/mo
0.3 miles
Taco Bueno
Dining
6,386 visits/mo
0.3 miles
Best Western North Bryant Inn
Hotels & Casinos
1,955 visits/mo
0.3 miles
Demographics for 76903, TX
32,215
Population
14,169
Households
2.3
Avg Household Size
37
Median Age
16%
College-Educated
78%
High-School Grad
25.0 sq mi
ZIP Area
1,289
Density / Sq Mi
$49,045
Median Household Income
$33,077
Median Earnings
$1,051
Median Rent
$115,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - CG/CH zoning accommodates retail, office, automotive, service, and drive-through uses.
Where is this mixed-use property located?
The property is located at 1120 S Chadbourne St San Angelo, TX.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Approximately 2,000 square feet of retail or office space; CG/CH (General Commercial/Heavy Commercial) zoning; Front drive‑through canopy with parking for approximately 10 vehicles
