Established Restaurant Business and
228 Chestnut Street Abilene, TX 79602
For Sale
$350,000
Turn-key restaurant in Abilene's thriving SODA District for sale.
Property Size2,175 SF
Price / SF$160.92
Days on Market94
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: Jul 23 at 6:59AM
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
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.
