Restaurant and Entertainment
For Sale
$1,500,000
806 S 2nd St, Abilene, TX 79602
Multiple entrances support food-and-beverage service, private events, and live entertainment.
Property Size6,236 SF
Price / SF$240.54
Days on Market47
Property Features for 806 S 2nd St
General Information
Standard status
Active
Size
6,236 SF
Site & Location
Neighborhood
Original Town South
Restaurant
Commercial Hood
Yes
Patio
Yes
Building Details
Year Built
1942
Listing Agency:
Traditions Real Estate Group
Listed By:
Eric Robirds · License #0616019
(325) 513-3445
Source:
Yourdavisteam
Added: Sep 15
Changed: Oct 26
Last Checked: Oct 7 at 2:45PM
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 Traditions Real Estate Group
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Investment Insights
Based on property information with market context.
Built in 1942, this restaurant and entertainment property combines a substantial indoor venue with an expansive outdoor beer garden. Interior features include soaring ceilings, exposed brick, open trusses, polished concrete floors, custom woodwork, two bar buildouts, a commercial kitchen with hood and prep areas, restrooms, office and storage space, and performance staging.
The exterior gathering areas include artificial turf, abundant seating, string lighting, a covered stage, and a large covered patio equipped with ceiling fans and mounted televisions. Multiple entrances and adaptable interior arrangements allow the property to support food-and-beverage operations, private events, and live entertainment in downtown Abilene.
The exterior gathering areas include artificial turf, abundant seating, string lighting, a covered stage, and a large covered patio equipped with ceiling fans and mounted televisions. Multiple entrances and adaptable interior arrangements allow the property to support food-and-beverage operations, private events, and live entertainment in downtown Abilene.
Key Highlights
- Downtown Abilene restaurant and entertainment property at 806 S 2nd St
- Two substantial bar buildouts and commercial kitchen with hood system and prep areas
- Indoor performance staging with multiple restrooms, office, and storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,298
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,245,960
$1.2M
Cap Rate 7%
$889,971
$890.0K
Cap Rate 9%
$692,200
$692.2K
Market Conditions
NOI Build-Up for 6,236 SF
Gross rent
$89.8K $14.40/SF
− Vacancy
−$6.7K −$1.08/SF
EGI
$83.1K $13.32/SF
− OpEx
−$20.8K −$3.33/SF
NOI
$62.3K $9.99/SF
Area
Abilene, TX
Vacancy
7.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,245,960
Cap Rate 7%
$889,971
Cap Rate 9%
$692,200
Alternative Uses
Best Use
Specialty Retail
$890.0K
$778.7K – $1.04M
NOI $62,298 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,461 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
1,619
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79602, TX
25,389
Population
11,127
Households
2.3
Avg Household Size
36
Median Age
34%
College-Educated
91%
High-School Grad
121.7 sq mi
ZIP Area
209
Density / Sq Mi
$84,845
Median Household Income
$39,044
Median Earnings
$1,123
Median Rent
$233,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Multiple entrances support food-and-beverage service, private events, and live entertainment.
Where is this conventional restaurant located?
The property is located at 806 S 2nd St Abilene, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Downtown Abilene restaurant and entertainment property at 806 S 2nd St; Two substantial bar buildouts and commercial kitchen with hood system and prep areas; Indoor performance staging with multiple restrooms, office, and storage space
