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Remodeled Building in SODA District

382 Chestnut St, Abilene, TX 79602

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For Sale

$495,000

Remodeled 3,340 SF building with 1,160 SF covered patio.

Property size:

3,340 SF

Lot size:

0.12 Acres

Price / SF:

$148/SF

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.
Suitable for various business uses (currently a bar, but ideal for office, retail, or small company headquarters).
Strong investment potential due to nearby businesses and ongoing multi‑million dollar redevelopment projects.
Includes a covered and heated patio.

We can help!

Listing Contact

Timothy Smith

For Sale

$495,000

Remodeled 3,340 SF building with 1,160 SF covered patio.

Property size:

3,340 SF

Lot size:

0.12 Acres

Price / SF:

$148/SF

Added:: Apr 7, 2025
Days on Market:: 437
Last Refresh:: Jan 11 at 10:49 am

Property Features for 382 Chestnut St

General Information

Standard status: Active
Size: 3,340 SF
Lot size: 0.12 Acres

We can help!

Listing Contact

Timothy Smith

Listing agent Timothy Smith License #0824681

Listing office Barnett & Hill

Listing date Apr 7, 2025

Source Exprealty

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

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.
Suitable for various business uses (currently a bar, but ideal for office, retail, or small company headquarters).
Strong investment potential due to nearby businesses and ongoing multi‑million dollar redevelopment projects.
Includes a covered and heated patio.

Overview

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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$58.1k	$17.40
− Vacancy	−$8.7k	−$2.61
EGI	$49.4k	$14.79
− OpEx	−$12.3k	−$3.70
NOI	$37.0k	$11.09

3,340 SF · lease $17.40/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$529.3K

$463.1K – $617.5K (±1% cap)

NOI $37,049 @ 7.0% cap · market cap 7.48%

Second Best

Specialty Retail

$476.7K

$417.1K – $556.1K (±1% cap)

NOI $33,367 @ 7.0% cap · market cap 6.74%

Theoretical Best

Office A

$745.7K

$652.5K – $870.0K (±1% cap)

NOI $52,200 @ 7.0% cap · market cap 10.55%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Amendment 21 Bar & Pub

Suggested Use

Similar Places Nearby

Blu Barrel Bar & Grill — 2534 S Treadaway Blvd, Abilene, TX 79602
Western Edge — 1841 S Treadaway Blvd, Abilene, TX 79602
Koolerz Liquor Store — 2402 S Treadaway Blvd, Abilene, TX 79602
Hour Glass Bar — 1532 Butternut St, Abilene, TX 79602
Cabaret Club — 1918 Butternut St, Abilene, TX 79602

Location Insight

Map
Local Demand

City: Abilene
County: Taylor
State: Texas
Longitude: -99.7342
Latitude: 32.4457

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For sale
Bars & Pubs
TX
Abilene
79602
382 Chestnut St

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 $495,000.

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.