Restaurant-to-Retail Redevelopment
For Sale
$225,000
401 Westwood Drive, Abilene, TX 79603
Existing restaurant structure offers flexibility for approved future restaurant, retail, office, or mixed-use concepts.
Property Size5,064 SF
Price / SF$44.43
Days on Market67
Property Features for 401 Westwood Drive
General Information
Standard status
Active
Size
5,064 SF
Property subtype
Retail
Building Details
Year Built
1983
Listing Agency:
Better Homes & Gardens Real Estate Senter, REALTORS
(325) 665-5574
Listed By:
Shay Senter · License #0604001
(325) 665-5574
Source:
Xome
Added: May 30
Changed: Jul 10
Last Checked: Aug 2 at 1:30PM
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 Better Homes & Gardens Real Estate Senter, REALTORS
Investment Insights
Based on property information with market context.
This property is an existing commercial restaurant building designed for reuse and redevelopment. It is being marketed as an opportunity to renovate an established structure for a range of future uses, including restaurant, retail, office, or mixed-use concepts, subject to applicable approvals and requirements. The seller will install a new roof prior to closing, and documentation regarding the electrical system is available through the MLS for qualified buyers. The property requires significant electrical repairs to restore power.
The building is located at 401 Westwood Drive in Abilene, Texas, and is described as being in a highly visible commercial location.
For buyers looking for an existing commercial structure rather than new construction, this asset provides the framework for a tailored concept once repairs and improvements are completed. Given the need for major electrical work, prospective tenants and owners should plan accordingly and review the available electrical documentation during their due diligence to support renovation and permitting decisions.
The building is located at 401 Westwood Drive in Abilene, Texas, and is described as being in a highly visible commercial location.
For buyers looking for an existing commercial structure rather than new construction, this asset provides the framework for a tailored concept once repairs and improvements are completed. Given the need for major electrical work, prospective tenants and owners should plan accordingly and review the available electrical documentation during their due diligence to support renovation and permitting decisions.
Key Highlights
- Former Grandy’s restaurant structure built in 1983 with potential for multiple approved uses.
- Seller will install a new roof prior to closing.
- Existing HVAC with electric A/C - other; heating includes 3 units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
897
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79603, TX
23,746
Population
9,960
Households
2.4
Avg Household Size
35
Median Age
17%
College-Educated
83%
High-School Grad
59.2 sq mi
ZIP Area
401
Density / Sq Mi
$53,579
Median Household Income
$32,339
Median Earnings
$1,022
Median Rent
$114,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing restaurant structure offers flexibility for approved future restaurant, retail, office, or mixed-use concepts.
Where is this conventional restaurant located?
The property is located at 401 Westwood Drive Abilene, TX.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Former Grandy’s restaurant structure built in 1983 with potential for multiple approved uses.; Seller will install a new roof prior to closing.; Existing HVAC with electric A/C - other; heating includes 3 units.
