Versatile Commercial Space in
550 S 11th Street, Abilene, TX 79602
SINGLE_FAMILY - Abilene, TX
Type:Retail
Property size:
6,480 SFLot size:
0.64 AcresPrice / SF:
$138/SF- Added:
- Apr 3, 2026
- Days on Market:
- 61
- Last Refresh:
- Jun 2 at 9:06 pm
Property Features for 550 S 11th Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active
- APN
- 20682
- Size
- 6,480 SF
- Lot size
- 0.64 Acres
Taxes and HOA fees
- Tax Description
- MC PHAIL SEC 1, BLOCK A, LOT 1
- Tax Annual Amount
- 10845
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1993
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete
- Building materials
- Brick
- Roof type
- Flat
Listing agent Tommy Simons License #0583499 (325) 721-8800
Listing office Tommy Simons (office) Abilene, TX (325) 721-8800
Listing date Apr 3, 2026
MLS# 20816481
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.
HighLights
- Spacious 6,480 sq ft property suitable for various business ventures.
- Commercial kitchen equipped with vent hood and fire suppression system.
- Includes a bar, stage, and dance floor, ideal for events and entertainment.
- Versatile open floor plan allows for easy customization.
- Paved parking lot provides convenient customer/client access.
- Brick construction with central heating/cooling and flat roof.
Overview
This 6,480-square-foot property in Abilene, TX, presents a business opportunity suitable for various ventures, including a church, restaurant, retail space, or office. The property features a commercial kitchen equipped with a vent hood and fire suppression system. It also includes a bar, stage, and dance floor, making it suitable for events or entertainment. The versatile open floor plan and numerous bathrooms allow for quick transformation to suit almost any commercial endeavor, from a retail store to professional offices. A paved parking lot provides convenience for customers or clients. The property is located at 550 S 11th Street, Abilene, TX 79602, and sits on a 0.635-acre lot.
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 | $112.8k | $17.40 |
| − Vacancy | −$16.9k | −$2.61 |
| EGI | $95.8k | $14.79 |
| − OpEx | −$24.0k | −$3.70 |
| NOI | $71.9k | $11.09 |
6,480 SF · lease $17.40/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.03M
$898.5K – $1.20M
NOI $71,879 @ 7.0% cap · market cap 8.03%
Second Best
Specialty Retail
$924.8K
$809.2K – $1.08M
NOI $64,735 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,275 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Harbison-Fischer
Factory
Location Insight
- Map
- Local Demand
- City
- Abilene
- County
- Taylor
- State
- Texas
- Longitude
- -99.72948
- Latitude
- 32.437541
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - 6,480 SF space suitable for retail, restaurant, office, or church.
Where is this retail space located?
The property is located at 550 S 11th Street Abilene, TX.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Spacious 6,480 sq ft property suitable for various business ventures.; Commercial kitchen equipped with vent hood and fire suppression system.; Includes a bar, stage, and dance floor, ideal for events and entertainment.
