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Property profile & analytics
FOR SALE
Commercial real estate

550 S 11Th St Abilene, TX 79602

6,480 SF 0.63 ac lot Built 1993
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US82-2822712
Property summary
AI-generated overview

This exceptional 6,480 square foot retail property, located at 550 S 11th St, Abilene, TX 79602, presents a turnkey opportunity for a variety of businesses. Built in 1993, this single-story building sits on a 0.635-acre lot (APN 20682) and is zoned GC. The property boasts a recent, comprehensive renovation, including ADA-compliant restrooms, two bars, a dance floor, a stage, and a $50,000 sound system. A fully equipped kitchen with a vent hood is also included. The HVAC system has been completely updated with six units, significantly reducing startup costs. The property's sprinkler system is serviced and up to code. Its prime location benefits from high traffic volume, further enhanced by the recent construction of the Abilene Animal Shelter next door. The seller is confident a parking agreement could be reached with the shelter for additional parking during evenings and weekends. This property is ideal for a restaurant, bar, or music venue. The asking price is $1,100,000, with a land value of $39.79/SF. The seller is open to selling the land and building without the included equipment. This is a rare chance to acquire a fully renovated, high-visibility commercial property in a thriving Abilene location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1993
Total area 6,480 SF
Lot 0.63 ac (27,648 SF)
APN 47765000100
UPID US82-2822712
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Harbison-Fischer Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.02M
Comparable Approach Comparable
$970k
Blend (final) Blend
$995k
Owner & transaction history
Shadowone Properties LLC · 4 yrs held
Shadowone Properties LLC
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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