314-479-1646
141 Oak St, Abilene, TX for Sale
Storefront Retail/Office - FOR SALE
1/24
null | Request Cap Rate

141 Oak St
Abilene, TX 79602
Downtown Abilene


HIGHLIGHTS

  • Extensive capital improvements have been completed, including a new roof, new HVAC systems, ADA-compliant restrooms in each space.
  • Prime location in South Downtown Abilene (SODA District).
  • Four leasable spaces, 100% occupied on NNN basis.
  • Upgraded electrical and plumbing systems, new windows, insulated ceiling tiles, fresh paint, and new flooring.

OVERVIEW

Offers Due by May 14th, 2026. SODA District | South Downtown Abilene | 13,500 SF | 100% Occupied | NNN Leases Located in the heart of the rapidly revitalizing SODA District (South Downtown Abilene), this fully renovated 13,500 square foot mixed-use building is now 100% occupied with the addition of a new tenant who has executed a three-year lease, delivering immediate stabilized cash flow and long-term income security. The property consists of four leasable spaces, all fully leased, currently generating $12,470 per month in base rent, equating to $149,640 annually. With all suites occupied, the asset provides stable in-place income supported by a diversified tenant mix. Lower-level tenants include an established dance studio and the newly secured tenant in the final 3,375 SF space. The entire second floor is fully occupied by a well-known local bar and music venue that has been in continuous operation since 1975, serving as a longstanding staple of the community. There is also additional signage income from a neighboring tenant. This blend of experiential and community-driven uses supports consistent foot traffic and strengthens the property’s long-term viability. All leases are structured as NNN, providing predictable cash flow while minimizing landlord expense exposure. Extensive capital improvements have been completed, including a new roof, new HVAC systems, ADA-compliant restrooms in each space, upgraded electrical and plumbing systems, new windows, insulated ceiling tiles, fresh paint, and new flooring. These upgrades significantly reduce near-term capital expenditure risk and position the asset as a true turnkey investment. Strategically located in the direct path of growth within South Downtown Abilene, the property benefits from continued momentum in the district, highlighted by the recent sale of 833 S. 1st Street as the future home of Angry Cactus Abilene and the sale of 901 S. 1st (Lauren Building). Ongoing private investment in the corridor underscores the long-term appreciation potential. This offering presents a rare opportunity to acquire a fully renovated, fully leased NNN asset in one of Abilene’s most active redevelopment corridors — delivering immediate cash flow and long-term upside in a strengthening submarket.

FOR SALE DETAILS

PRICE

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CAP RATE

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% 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

John WolfnerTWG - Real Estate Investment Services | BracketMore Info
314-479-1646

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John WolfnerTWG - Real Estate Investment Services | BracketMore Info
314-479-1646

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