Remodeled Building in SODA
382 Chestnut St, Abilene, TX 79602
For Sale
$449,000
Remodeled 3,340 SF building with 1,160 SF covered patio.
Property Size3,340 SF
Lot Size0.12 Acres
Price / SF$134.43
Days on Market583
Property Features for 382 Chestnut St
General Information
Standard status
Size
Lot size
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Listing Agency:
Barnett & Hill
Listed By:
Timothy Smith · License TX #0824681
(325) 677-3500
Source:
Exprealty
Added: Apr 7, 2025
Changed: Aug 8
Last Checked: Aug 25 at 5:52AM
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 Barnett & Hill
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Investment Insights
Based on property information with market context.
This is a fully remodeled 3,340 square foot air-conditioned building with an additional 1,160 square foot covered and heated patio, situated in the SODA District. Renovations completed in 2018 included new plumbing, a new roof, new HVAC, new electrical systems, new windows, and a new sprinkler system. The building retains its original tin ceilings, complemented by modern updates such as two ADA-compliant restrooms, a catering kitchen, and a walk-in cooler. Currently operating as a bar called Amendment 21, the space is suitable for various business uses, including an attorney's office, bakery, retail space, or small company headquarters. The property is located near The Mill, Abilene Axe, Oak Street Shoppe, KAO Lounge, and Big Country Beer Garden, as well as numerous private and County offices. Multi-million dollar renovations to the Old Taylor County Courthouse and an upcoming $3.5 million construction project at 833 South 1st contribute to the area's redevelopment.
Key Highlights
- Fully remodeled 3,340 sq ft building, renovated in 2018 with new plumbing, roof, HVAC, electrical, windows, and sprinkler system and an additional 1,160 sq ft covered & heated patio.
- Located in the rapidly redeveloping SODA District of South Downtown Abilene.
- Features preserved original tin ceilings combined with modern upgrades like two ADA compliant restrooms, catering kitchen, and walk‑in cooler.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,049
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$740,980
$741.0K
Cap Rate 7%
$529,271
$529.3K
Cap Rate 9%
$411,656
$411.7K
Market Conditions
NOI Build-Up for 3,340 SF
Gross rent
$58.1K $17.40/SF
− Vacancy
−$8.7K −$2.61/SF
EGI
$49.4K $14.79/SF
− OpEx
−$12.3K −$3.70/SF
NOI
$37.0K $11.09/SF
Area
Abilene, TX
Vacancy
15.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$740,980
Cap Rate 7%
$529,271
Cap Rate 9%
$411,656
Alternative Uses
Best Use
Office B
$529.3K
$463.1K – $617.5K
NOI $37,049 @ 7.0% cap · market cap 8.25%
Second Best
Specialty Retail
$476.7K
$417.1K – $556.1K
NOI $33,367 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$745.7K
$652.5K – $870.0K
NOI $52,200 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,568
Businesses Nearby
Well-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Eskimo Hut - Frozen Daiquiris To-Go — 1049 S Treadaway Blvd, Abilene, TX 79602
- The Handle Bar at Bike ABI — 409 S Treadaway Blvd, Abilene, TX 79602
- Amendment 21 — 382 Chestnut St, Abilene, TX 79602
- The Mill Wine Bar & Event Center — 239 Locust St, Abilene, TX 79602
- KAO Lounge — 137 B Oak St, Abilene, TX 79602
Frequently Asked Questions
What type of property is this?
Bar & Pub - Remodeled 3,340 SF building with 1,160 SF covered patio.
Where is this bar & pub located?
The property is located at 382 Chestnut St Abilene, TX.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Fully remodeled 3,340 sq ft building, renovated in 2018 with new plumbing, roof, HVAC, electrical, windows, and sprinkler system and an additional 1,160 sq ft covered & heated patio.; Located in the rapidly redeveloping SODA District of South Downtown Abilene.; Features preserved original tin ceilings combined with modern upgrades like two ADA compliant restrooms, catering kitchen, and walk‑in cooler.
