382 Chestnut St Abilene, TX 79602
For Sale
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This 3,339 square foot bar, located at 382 Chestnut Street in Abilene, Texas, presents a unique owner-user investment opportunity. Originally built in 1922 and extensively renovated in 2017, the property boasts a wealth of recent upgrades including a monitored fire sprinkler system, updated HVAC, plumbing, electrical, windows, and doors. The interior and exterior have been freshly painted, and the property features a glass garage door with remote operator, a gas water heater, Bromic Platinum gas patio heaters, custom vinyl patio covers, epoxy floors, a walk-in cooler, an alarm system, and a video surveillance system. The bar itself features custom carpentered bar tops and cabinets, and a custom patio railing enhances the 1,160 square foot covered patio area. Asbestos abatement has been completed. The property is zoned CB (Central Business) and has ample parking. This turnkey operation, successfully running for four years, is located near the vibrant SoDa District, offering significant potential for continued growth. Financial information and inventory details are available to qualified buyers. The asking price is $550,000, with a price per square foot of $164.72. The property includes one single-story building on a lot with APN 18299.
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Amendment 21 Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.