228 Chestnut Street, Abilene, TX 79602
Turn-key restaurant in Abilene's thriving SODA District for sale.
- 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
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Abilene
- County
- Taylor
- State
- Texas
- Longitude
- -99.7340096
- Latitude
- 32.4472768