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Myers Drug 29 S Chadbourne St 18,383 SF Retail Building San Angelo, TX 76903 $1,500,000 ($81.60/SF)
Investment Highlights
- Downtown San Angelo Area
- Heavy Traffic
- Nightlife and Events
- Historic Building
- Tourism and Shopping Hub
Executive Summary
29 S Chadbourne Street presents a rare opportunity to acquire a landmark commercial property in the heart of Downtown San Angelo. Known historically as the Myers Drug building, this prominent asset combines architectural character, strategic location, and redevelopment potential within one of the city's most active commercial and entertainment districts. Positioned amid downtown restaurants, retailers, offices, nightlife venues, and community events, the property benefits from consistent pedestrian activity and strong visibility throughout the year.
The two-story building offers flexibility for a variety of commercial, retail, office, hospitality, mixed-use, or specialty redevelopment concepts. Its Central Business District zoning supports a broad range of permitted uses, creating opportunities for owner-users, investors, and developers seeking a distinctive downtown presence. The property's historic character provides an authentic setting that can be repositioned to meet modern business and consumer demands while preserving its established identity within the community.
A significant differentiator is the inclusion of dedicated parking areas associated with the property, an increasingly valuable amenity within downtown environments. Combined with frontage along Chadbourne Street and proximity to San Angelo's tourism, shopping, dining, and entertainment destinations, the asset offers exceptional accessibility and exposure for future occupants or tenants.
Whether envisioned as a flagship retail destination, creative office environment, entertainment venue, mixed-use redevelopment, or long-term investment hold, 29 S Chadbourne Street delivers a combination of location, history, visibility, and flexibility that is difficult to replicate within the Downtown San Angelo market.
The two-story building offers flexibility for a variety of commercial, retail, office, hospitality, mixed-use, or specialty redevelopment concepts. Its Central Business District zoning supports a broad range of permitted uses, creating opportunities for owner-users, investors, and developers seeking a distinctive downtown presence. The property's historic character provides an authentic setting that can be repositioned to meet modern business and consumer demands while preserving its established identity within the community.
A significant differentiator is the inclusion of dedicated parking areas associated with the property, an increasingly valuable amenity within downtown environments. Combined with frontage along Chadbourne Street and proximity to San Angelo's tourism, shopping, dining, and entertainment destinations, the asset offers exceptional accessibility and exposure for future occupants or tenants.
Whether envisioned as a flagship retail destination, creative office environment, entertainment venue, mixed-use redevelopment, or long-term investment hold, 29 S Chadbourne Street delivers a combination of location, history, visibility, and flexibility that is difficult to replicate within the Downtown San Angelo market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
18,383 SF
Building Class
C
Year Built/Renovated
1907/2000
Price
$1,500,000
Price Per SF
$81.60
Tenancy
Single
Building Height
2 Stories
Building FAR
0.63
Lot Size
0.67 AC
Zoning
CBD - Central Business District allows for most commercial and retail uses.
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Health Mart began in 1996 as an independent pharmacy franchise and is part of McKesson. The business supports locally owned pharmacies with prescription services, operational support, and tools for pharmacy benefit contracting, store design, specialty medications, and other administrative needs. Health Mart operates as a nationwide network of independent pharmacies that offer personalized care, with services that include prescription management, online refill support, home delivery, vaccinations, and health and wellness guidance.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Moderately walkable
60/100
Moderately drivable
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-41700-0130-001-00 | Improvements Assessment | $1,177,690 |
| Land Assessment | $110,000 | Total Assessment | $1,287,690 |
Property Taxes
Parcel Number
23-41700-0130-001-00
Land Assessment
$110,000
Improvements Assessment
$1,177,690
Total Assessment
$1,287,690
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Myers Drug | 29 S Chadbourne St