Established Restaurant Business and
For Sale
$350,000
228 Chestnut Street, Abilene, TX 79602
Turn-key restaurant in Abilene's thriving SODA District for sale.
Property Size2,175 SF
Price / SF$160.92
Days on Market106
Property Features for 228 Chestnut Street
General Information
Standard status
Active
Size
2,175 SF
Property subtype
Commercial
Building Details
Year Built
1891
Listing Agency:
Tommy Simons (office)
(325) 695-3730
Listed By:
Tommy Simons · License #0583499
(325) 721-8800
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Aug 4 at 12:44PM
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)
Investment Insights
Based on property information with market context.
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.
Key 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.
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
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
NOI $33,993 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Under-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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
