Remarks

This beautifully renovated 13,500 sq.ft. building in the heart of South Downtown Abilene has four leasable spaces, three of which are leased & generating $6,926.00 base rents per month. The monthly lease amount jumps to $7,426.00 per month in September 2025 with potential for an additional $2,800 base rent per month once the fourth space is leased. The current tenants are two dance studios in the lower front & The Stairs bar and music venue upstairs. The remaining 3,375 sq. ft space is actively for lease (MLS #20792543). A new owner could occupy this remaining available space or lease to a new tenant & own the building as a more passive investment. All current leases are NNN.

Improvements to the building include new roof, new HVAC, ADA restrooms in each space, new electrical, new plumbing, new windows, insulated ceiling tiles, new paint & new flooring. This is a great property in the up-and-coming SODA District (South Downtown Abilene). With the recent sale of 833 S. 1st as the future home of Angry Cactus Abilene & the sale of 901 S. 1st (Lauren Building), this property is a solid investment!

Details

MLS#: 20976123
Price: $1,400,000

Style: Retail
Year Built: 1923

County: Taylor
Subdivision: Ot Abilene