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Established Restaurant With Support Buildings
For Sale
$350,000

228 Chestnut Street, Abilene, TX 79602

CommercialSale, Abilene, TX

Property SizeContact for details
Lot Size0.08 Acres
Days on Market103

Property Features for 228 Chestnut Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description CB
Parking features On Street
Subdivision Ot Abilene
Directions Chestnut to 228 across from the court house.
Standard status Active
APN 68639
Lot size 0.08 Acres

Taxes and HOA fees

Tax Description OT ABILENE, BLOCK 12, LOT N/2 OF 2, TIF#1
Tax Annual Amount 4292
Legal Description OT ABILENE, BLOCK 12, LOT N/2 OF 2, TIF#1

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Central
Cooling system Electric, Central Air
Water source Public

Building Details

Year built 1891
Floors in Building 1
Number of units 1
Flooring type Concrete
Building materials Block
Roof type Composition
Listing Agency: Tommy Simons (office)
Listed By: Tommy Simons
Added: Jul 12 Changed: Sep 25 Last Checked: Oct 22 at 6:06PM
MLS# 21082493

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.

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Investment Insights

Based on property information with market context.

The offering combines an operating restaurant business with its real estate and a commercial kitchen package that includes a vent hood, grill, fryolator, stove, steam table, three-bay sink, ice machine, and nearly new walk-in refrigerator. A separate office and storage building adds dedicated support space. The main structure dates to 1891 and features block construction, concrete flooring, a composition roof, central heating and cooling, and public water and sewer. The roof was replaced in 2014, while the HVAC system has received professional service every six months.

Located at 228 Chestnut Street in Abilene’s SODA District, the property is surrounded by active businesses and sits within walking distance of the courthouse. On-street parking serves the site.

Key Highlights

  • Operating restaurant business and real estate included
  • Commercial kitchen equipment includes vent hood, grill, fryolator, stove, steam table, three‑bay sink, ice machine, and walk‑in refrigerator
  • Separate office and storage building

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Dental Office Pharmacy Real Estate Agency Garden Center Veterinary Clinic Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Commercial hood

Location Intelligence

Trade Area within ½ mile

1,619
Businesses Nearby
Under-served
Demand for This Use

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
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Sale includes the operating business, real estate, commercial kitchen equipment, and separate office and storage space.
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: Operating restaurant business and real estate included; Commercial kitchen equipment includes vent hood, grill, fryolator, stove, steam table, three‑bay sink, ice machine, and walk‑in refrigerator; Separate office and storage building
More about this property
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