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$449,000

$495,000

382 Chestnut St, Abilene, TX, 79602

On MarketInfo
Price DropInfo
Baths3,340 Sq Ft
BusinessBusiness
Year BuiltBuilt in 1922

Highlights

Interior

Heating Floor/WallHeating Floor/Wall
FlooringConcrete

Exterior

Lot Size5,001 sqft

Building Information

Year Built1922
Stories1
Roof Type172

Land Information

APN70100024400
Lot NumberE100,LT
SubdivisionOt Abilene Tif #1
Land UseCommercial
Legal DescriptionOT ABILENE TIF #1, BLOCK 29, LOT E100 OF LT 6
Census Tract011700
Assessed Land Value$10,313
Assessed Improvement Value$338,207
Assessment Year2025

About this property

Check out this beautiful & fully remodeled 3,340 square foot air-conditioned building with an additional 1,160 square foot covered & heated patio in the SODA District. Renovations completed in 2018 include new plumbing, new roof, new HVAC, new electrical, new windows & new sprinkler system. The charm and character of the building was preserved with the original tin ceilings while bringing it up to date with two ADA compliant restrooms, catering kitchen, walk in cooler & other key features ideal for a variety of business uses. It currently operates as a bar called Amendment 21, but would be a great space for an attorney's office, bakery, various retail or small company headquarters. Great investment property due to the redevelopment in South Downtown Abilene. With nearby businesses such as The Mill, Abilene Axe, Oak Street Shoppe, KAO Lounge, Big Country Beer Garden & more, as well as numerous private & County offices nearby, this property has anchors to support value. Also, with the multi-million dollar renovations to the Old Taylor County Courthouse as well as the upcoming 3.5M construction project about to begin at 833 South 1st, the future is bright for The SODA District!

Investor Tools

$86,658Estimated Mortgage Balance
$262,288Estimated Equity
75% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,694 /month
Positive
Cash Flow Estimate:
$898 /month

Interested in this property?

Timothy Smith

Barnett & Hill

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$803/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,899
$348,520
2025
$10,313
$338,207
$348,520
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,899
$348,520

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank Of Baird
N/A
$105,000
N/A
First
Nov 29, 2017
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$86,658
$261,862
75%
25%
$630/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Abilene

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382 Chestnut St | Property Details | No Agent List