Remodeled Bar and Restaurant
382 Chestnut Street Abilene, TX 79602
382 Chestnut Street, Abilene, TX, 79602
$495,000
For Sale
$495,000
COMMERCIAL - Abilene, TX
Property Size3,340 SF
Lot Size0.12 Acres
Price / SF$148.20
Days on Market29
Property Features for 382 Chestnut Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Offsite, On Street
- Security features
- Security
- Standard status
- Active
- APN
- 18299
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- OT ABILENE TIF #1, BLOCK 29, LOT E100 OF LT 6
- Tax Annual Amount
- 8018
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1922
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete
- Building materials
- Brick, Concrete
Listing agency
Barnett & Hill
(325) 677-3500
Listed by
Timothy Smith · License #0824681
(325) 677-3500
Added: Jun 23 Updated: Jul 10 at 1:30PM Checked: Jul 21 at 7:06AM
MLS# 20891944
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.
Investment Insights
Based on property information with market context.
Located at 382 Chestnut Street in Abilene, this fully remodeled, air-conditioned building offers 3,340 square feet plus an additional 1,160 square feet of covered and heated patio space in the SODA District. Renovations completed in 2018 include new plumbing, new roof, new HVAC, new electrical, new windows, and a new sprinkler system. The property preserves original tin ceilings while adding practical customer and operations improvements such as two ADA compliant restrooms, a catering kitchen, and a walk-in cooler.
The building currently operates as a bar called Amendment 21, and the layout and improvements support a range of business uses. It is positioned among nearby businesses including The Mill, Abilene Axe, Oak Street Shoppe, KAO Lounge, and Big Country Beer Garden, with numerous private and County offices also located nearby.
Additional context comes from redevelopment activity in the South Downtown Abilene area, including multi-million dollar renovations to the Old Taylor County Courthouse and an upcoming 3.5M construction project at 833 South 1st.
The building currently operates as a bar called Amendment 21, and the layout and improvements support a range of business uses. It is positioned among nearby businesses including The Mill, Abilene Axe, Oak Street Shoppe, KAO Lounge, and Big Country Beer Garden, with numerous private and County offices also located nearby.
Additional context comes from redevelopment activity in the South Downtown Abilene area, including multi-million dollar renovations to the Old Taylor County Courthouse and an upcoming 3.5M construction project at 833 South 1st.
Key Highlights
- 3,340 SF fully remodeled, air‑conditioned building plus an additional 1,160 SF covered & heated patio in the SODA District
- Renovations completed in 2018: new plumbing, roof, HVAC, electrical, windows, and sprinkler system
- Original tin ceilings preserved; floor is concrete
Local Financial Insights For Office B
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 | $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
NOI $37,049 @ 7.0% cap · market cap 7.48%
Second Best
Specialty Retail
$476.7K
$417.1K – $556.1K
NOI $33,367 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$745.7K
$652.5K – $870.0K
NOI $52,200 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Amendment 21
Bar & Pub
Similar For Sale Nearby
Similar Off Market Nearby
- KAO Lounge — 137 B Oak St, Abilene, TX 79602
- The Handle Bar at Bike ABI — 409 S Treadaway Blvd, Abilene, TX 79602
- Eskimo Hut - Frozen Daiquiris To-Go — 1049 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
FAQs
What type of property is this?
Bar & Pub - Fully remodeled, air-conditioned building with ADA-compliant restrooms, catering kitchen, walk-in cooler, and covered heated patio.
Where is this bar & pub located?
The property is located at 382 Chestnut Street 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: 3,340 SF fully remodeled, air‑conditioned building plus an additional 1,160 SF covered & heated patio in the SODA District; Renovations completed in 2018: new plumbing, roof, HVAC, electrical, windows, and sprinkler system; Original tin ceilings preserved; floor is concrete
