141 Oak St - Storefront Retail/Office FOR SALE


Abilene, TX 79602- Downtown Abilene
$1,400,000 USD
325-669-8963
141 Oak St, Abilene, TX for Sale
$1,400,000 USD
Storefront Retail/Office - FOR SALE
1/24
null | Request Cap Rate

141 Oak St
Abilene, TX 79602
Downtown Abilene


HIGHLIGHTS

  • Fully renovated in 2021 with new roof, ADA restrooms, windows, electrical and plumbing
  • Prime location in South Downtown Abilene (SODA District)
  • 4 leasable spaces under one roof

OVERVIEW

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! Public Driving Directions: 141 Oak Street in South Downtown Abilene between Oak Street Shoppe & Oak Street Arbor.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$415 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Bar, Storefront, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

CB

APN/PARCEL ID

58259

ASK ABOUT THIS PROPERTY

Mitch BarnettBarnett & Hill Real Estate ServicesMore Info
325-669-8963

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Mitch BarnettBarnett & Hill Real Estate ServicesMore Info
325-669-8963

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.