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Gloria's Grill 228 Chestnut St 2,175 SF Vacant Retail Building Abilene, TX 79602 $350,000 ($160.92/SF)

INVESTMENT HIGHLIGHTS
- Heavy Daytime Foot and Vehicle Traffic and Across from the Courthouse
- Vibrant and developing area in the Abilene SODA district.
- Turnkey Operation, ready to operate as a restaurant.
EXECUTIVE SUMMARY
Turn your dream of restaurant ownership into reality with this well-known and established business located in Abilene’s thriving SODA District. Surrounded by active businesses and within walking distance of the very busy courthouse, this property enjoys steady lunch traffic and potential breakfast customers, with strong potential to expand into evening hours as the district continues to grow as Abilene’s social center. The sale includes both the business and the property. Conveying equipment includes a large vent-a-hood, grill, fryolator, commercial stove, steam table, three-bay sink, ice machine, and a nearly new walk-in refrigerator. Includes a separate office and storage building. The roof was replaced in 2014, and the HVAC system has been professionally serviced every six months. This is a rare opportunity to acquire a turn-key operation in one of Abilene’s most up-and-coming areas.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
2,175 SF
Building Class
C
Year Built
1891
Price
$350,000
Price Per SF
$160.92
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.62
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
CB - Central Business
Frontage
25’ on Chestnut St
ABOUT 228 CHESTNUT ST , ABILENE, TX 79602
Historic Building constructed in 1891. Has been a well-loved restaurant for many years. Includes a separate office and storage building.
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Gloria's Grill
- Health Care and Social Assistance
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Gloria's Grill | Health Care and Social Assistance | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 68639 | Improvements Assessment | $296,125 |
| Land Assessment | $7,875 | Total Assessment | $304,000 |
PROPERTY TAXES
Parcel Number
68639
Land Assessment
$7,875
Improvements Assessment
$296,125
Total Assessment
$304,000
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Tommy Simons
Gloria's Grill | 228 Chestnut St
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