Remodeled SODA District Commercial
382 Chestnut Street Abilene, TX 79602
For Sale
$495,000
3,340 SF remodeled building with 1,160 SF covered patio.
Property Size4,500 SF
Price / SF$110
Days on Market94
Property Features for 382 Chestnut Street
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1922
Listing Agency:
Barnett & Hill
(904) 465-4345
Listed By:
Timothy Smith · License #0689037
(325) 518-4329
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 17 at 8:34AM
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
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, located in the SODA District. Renovations completed in 2018 include new plumbing, a new roof, new HVAC, new electrical system, new windows, and a new sprinkler system. The original tin ceilings have been preserved. The building features two ADA-compliant restrooms, a catering kitchen, and a walk-in cooler. It currently operates as a bar but is suitable for an attorney's office, bakery, various retail businesses, or a 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 are underway at the Old Taylor County Courthouse, and a $3.5 million construction project is about to begin at 833 South 1st.
Key Highlights
- Fully remodeled 3,340 sq ft building with a generous 1,160 sq ft covered & heated patio in the SODA District.
- Extensive renovations completed in 2018 including new plumbing, roof, HVAC, electrical, windows, and sprinkler system.
- Ideal for various business uses: bar, office, retail, or headquarters.
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 | $64.8k | $14.40 |
| − Vacancy | −$4.9k | −$1.08 |
| EGI | $59.9k | $13.32 |
| − OpEx | −$15.0k | −$3.33 |
| NOI | $45.0k | $9.99 |
4,500 SF · lease $14.40/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$642.2K
$561.9K – $749.3K
NOI $44,955 @ 7.0% cap · market cap 9.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$879.1K – $1.17M
NOI $70,330 @ 7.0% cap · market cap 14.21%
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 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 - 3,340 SF remodeled building with 1,160 SF covered 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: Fully remodeled 3,340 sq ft building with a generous **1,160 sq ft covered & heated patio** in the SODA District.; Extensive renovations completed in 2018 including new plumbing, roof, HVAC, electrical, windows, and sprinkler system.; Ideal for various business uses: bar, office, retail, or headquarters.
