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    Established Restaurant Business and Property Title is generated by Realmo AI

    228 Chestnut Street, Abilene, TX 79602

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    For Sale
    $350,000

    Turn-key restaurant in Abilene's thriving SODA District for sale.

    Type:Commercial
    Property size:
    2,175 SF
    Price / SF:
    $160/SF
    Added:
    Apr 22, 2026
    Days on Market:
    61
    Last Refresh:
    Apr 22 at 5:25 pm

    Property Features for 228 Chestnut Street

    General Information

    Standard status
    Active
    Size
    2,175 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1891

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    Listing Contact
    Tommy Simons

    Listing agent Tommy Simons

    Listing office Tommy Simons (office)

    Listing date Apr 22, 2026

    Source Signaturere

    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 Tommy Simons (office)

    HighLights

    • Turn‑key restaurant business and property included.
    • Established business in Abilene's thriving SODA District with steady lunch traffic.
    • Essential restaurant equipment included: vent‑a‑hood, grill, fryolator, commercial stove, steam table, three‑bay sink, ice machine, and nearly new walk‑in refrigerator.
    • Strong potential to expand business hours to breakfast and evening.
    • Separate office and storage building included.
    • Roof replaced in 2014 and HVAC system professionally serviced every six months.

    Overview

    This established restaurant business and property are for sale in Abilene's SODA District. The property is surrounded by active businesses and is within walking distance of the courthouse, benefiting from steady lunch traffic and potential for breakfast customers. There is potential to expand into evening hours as the district grows. The sale includes both the business and the property. Conveying equipment includes a large vent-a-hood, grill, fryolator, commercial stove, steam table, three-bay sink, ice machine, and a nearly new walk-in refrigerator. The property includes a separate office and storage building. The roof was replaced in 2014, and the HVAC system has been professionally serviced every six months. The property size is 2175 square feet.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $31.3k $14.40
    − Vacancy −$2.3k −$1.08
    EGI $29.0k $13.32
    − OpEx −$7.2k −$3.33
    NOI $21.7k $9.99
    2,175 SF · lease $14.40/SF/yr · vacancy 7.50% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $310.4K
    $271.6K – $362.1K (±1% cap)
    NOI $21,728 @ 7.0% cap · market cap 6.21%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $485.6K
    $424.9K – $566.6K (±1% cap)
    NOI $33,993 @ 7.0% cap · market cap 9.71%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Abilene
    County
    Taylor
    State
    Texas
    Longitude
    -99.7340096
    Latitude
    32.4472768

    FAQs

    What type of property is this?
    Conventional restaurant - Turn-key restaurant in Abilene's thriving SODA District for sale.
    Where is this conventional restaurant located?
    The property is located at 228 Chestnut Street Abilene, TX.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Turn‑key restaurant business and property included.; Established business in Abilene's thriving SODA District with steady lunch traffic.; Essential restaurant equipment included: vent‑a‑hood, grill, fryolator, commercial stove, steam table, three‑bay sink, ice machine, and nearly new walk‑in refrigerator.
    More about this property
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