318 N Chadbourne St - Storefront FOR SALE


San Angelo, TX 76903 | 
$559,988 USD
325-276-0757
318 N Chadbourne St, San Angelo, TX for Sale
$559,988 USD
Storefront - FOR SALE
1/51
null | 8.14% Cap Rate

NEW


318 N Chadbourne St
San Angelo, TX 76903


HIGHLIGHTS

  • Hard corner in the San Angelo CBD with frontage on two streets
  • Turnkey renovation: roof, HVAC, electrical, and plumbing all recent
  • Three suites allow owner-user occupancy with income from the rest
  • Buildings can be bought together or separately
  • Combined price is in line with the downtown median asking $/SF

OVERVIEW

Investment Highlights Hard corner at N Chadbourne Street and W 4th Street in San Angelo's Central Business District 5,383 SF across two buildings and three suites, available together or separately Turnkey renovation since 2021: new TPO roof and HVAC within the last 2–3 years, plus new electrical and plumbing throughout Two ground-floor storefronts with large display windows, and a finished second floor with six private rooms served by a stair lift CBD zoning allows a wide range of retail, office, service, food, and event uses Combined asking price of $104/SF, in line with the median asking price of competing downtown listings Vacant and ready for immediate occupancy by an owner-user or new tenants Property Description 318 & 322 N Chadbourne Street offers two adjoining historic commercial buildings on a prominent downtown corner, fully renovated and ready to occupy. Together the buildings total 5,383 SF: 3,636 SF on the ground floor and 1,747 SF on the second floor of 322. 318 N Chadbourne (1,901 SF) is a single-story storefront with original painted tin ceilings, restored hardwood floors, and a full glass storefront on Chadbourne. The long, open floor plan has partitioned stations along one wall and a restroom at the rear. 322 N Chadbourne (3,482 SF) is a two-story corner building with its entry on the corner and a well-known mural on the W 4th Street side. The ground floor (1,735 SF) has storefront glass on Chadbourne, beadboard ceilings, plank flooring, a break area with cabinetry and sink, and a restroom. The second floor (1,747 SF) is finished into six private rooms off a central corridor. Each room is plumbed for a sink, and a stair lift provides access from the ground floor. Since 2021 the property has been extensively renovated and brought up to code by a local contractor. Work includes a new TPO roof, updated HVAC, and new electrical and plumbing systems. Each suite has its own restroom with grab bars, and utilities are separately metered. The layout works for a single user occupying both buildings, or an owner-user who occupies one suite and leases the others. It also suits an investor leasing all three suites. Uses include retail, boutique, professional office, salon or spa suites, medical, café, bar, studio, and event space. Pricing 318 & 322 N Chadbourne combined: $559,900 ($104.01/SF) 318 N Chadbourne: $260,000 322 N Chadbourne: $299,900 Location The property sits at the north end of downtown San Angelo, in the Central Business District. N Chadbourne Street carries about 7,057 vehicles per day. The site is close to the Houston Harte Expressway and within walking distance of downtown restaurants, retail, banking, and Shannon Medical Center. Street parking is available along Chadbourne and 4th Street, and no on-site parking is required in the CBD. Within a 15-minute drive there are more than 105,000 residents and 42,700 households, with a median household income of $68,532.

FOR SALE DETAILS

PRICE

$559,988 USD

PRICE/SF

$104 USD /SF

CAP RATE

8.14%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,580 SF

ZONING

CBD

APN/PARCEL ID

R000016887,R000016888

ASK ABOUT THIS PROPERTY

Sterling FryarKeller WilliamsMore Info
325-276-0757

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Sterling FryarKeller WilliamsMore Info
325-276-0757

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