Downtown Restaurant and Bar
For Sale
$1,500,000
806 S 2nd Street, Abilene, TX 79602
Restaurant and bar property with a commercial kitchen, multiple dining/event areas, and a beer garden patio for food-and-beverage service.
Property Size6,236 SF
Price / SF$240.54
Days on Market11
Property Features for 806 S 2nd Street
General Information
Standard status
Active
Size
6,236 SF
Property subtype
Retail
Additional Details
Commercial Hood
Yes
Amenities
soaring ceilings
exposed brick
open trusses
polished concrete floors
custom woodwork
multiple dining and event areas
two bar buildouts
commercial kitchen with hood system
prep areas
multiple restrooms
office
storage space
indoor performance staging
outdoor beer garden
artificial turf
abundant seating
string lighting
covered stage
large covered patio
ceiling fans
mounted televisions
multiple entrances
flexible layouts
Electric
3
Building Details
Year Built
1942
Listing Agency:
Traditions Real Estate Group
(325) 513-3445
Listed By:
Eric Robirds · License #0616019
(325) 513-3445
Source:
Xome
Added: Jul 20
Changed: Jul 26
Last Checked: Jul 30 at 3:03AM
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
Investment Insights
Based on property information with market context.
This restaurant, bar, and entertainment venue offers extensive indoor and outdoor gathering space with a flexible layout. Interior highlights include soaring ceilings with exposed brick and open trusses, polished concrete floors, custom woodwork, multiple distinctive dining and event areas, and indoor performance staging. The property also features two substantial bar buildouts, a commercial kitchen with a hood system and prep areas, multiple restrooms, office space, and additional storage.
Outdoor space includes an expansive beer garden with artificial turf, abundant seating, string lighting, a covered stage, and a large covered patio with ceiling fans and mounted televisions. Multiple entrances support operation of the spaces together or separately, including private events, live entertainment, and coordinated food-and-beverage service.
With its recognizable character and entertainment-ready configuration, the property is well suited to restaurant and bar concepts seeking both indoor performance space and an outdoor patio setting for gatherings.
Outdoor space includes an expansive beer garden with artificial turf, abundant seating, string lighting, a covered stage, and a large covered patio with ceiling fans and mounted televisions. Multiple entrances support operation of the spaces together or separately, including private events, live entertainment, and coordinated food-and-beverage service.
With its recognizable character and entertainment-ready configuration, the property is well suited to restaurant and bar concepts seeking both indoor performance space and an outdoor patio setting for gatherings.
Key Highlights
- Restaurant and bar venue built in 1942 in downtown Abilene
- Commercial kitchen with hood system and dedicated prep areas
- Multiple distinctive dining and event areas with soaring ceilings, exposed brick, open trusses, and polished concrete floors
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 | $89.8k | $14.40 |
| − Vacancy | −$6.7k | −$1.08 |
| EGI | $83.1k | $13.32 |
| − OpEx | −$20.8k | −$3.33 |
| NOI | $62.3k | $9.99 |
6,236 SF · lease $14.40/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$890.0K
$778.7K – $1.04M
NOI $62,298 @ 7.0% cap · market cap 4.15%
Second Best
Industrial
$604.3K
$528.7K – $705.0K
NOI $42,299 @ 7.0% cap · market cap 2.82%
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.
Property 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
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 - Restaurant and bar property with a commercial kitchen, multiple dining/event areas, and a beer garden patio for food-and-beverage service.
Where is this conventional restaurant located?
The property is located at 806 S 2nd Street 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: Restaurant and bar venue built in 1942 in downtown Abilene; Commercial kitchen with hood system and dedicated prep areas; Multiple distinctive dining and event areas with soaring ceilings, exposed brick, open trusses, and polished concrete floors
