$1,400,000

141 Oak, Abilene, TX 79602

  • 13,500 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1923
  • Property Lot Size Icon7,013sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $104/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

This beautifully renovated 13,500 sq.ft. building in the heart of South Downtown Abilene has four leasable spaces, three of which are leased & generating $6,926.00 base rents per month. The monthly lease amount jumps to $7,426.00 per month in September 2025 with potential for an additional $2,800 base rent per month once the fourth space is leased. The current tenants are two dance studios in the lower front & The Stairs bar and music venue upstairs. The remaining 3,375 sq. ft space is actively for lease (MLS #20792543). A new owner could occupy this remaining available space or lease to a new tenant & own the building as a more passive investment. All current leases are NNN. Improvements to the building include new roof, new HVAC, ADA restrooms in each space, new electrical, new plumbing, new windows, insulated ceiling tiles, new paint & new flooring. This is a great property in the up-and-coming SODA District (South Downtown Abilene). With the recent sale of 833 S. 1st as the future home of Angry Cactus Abilene & the sale of 901 S. 1st (Lauren Building), this property is a solid investment!

Listing Status:
Active
Listing Office:
Barnett & Hill : 325-677-3500
Listing Agent:
Timothy Smith :
MLS ID:
20976123
  • Flooring: ConcreteWood
  • A/C: Central AirElectric
  • Heating: CentralNatural Gas
  • Disability Feature: Accessible DoorsAccessible Entrance

This listing courtesy of Timothy Smith, Barnett & Hill

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

T

Thomas Elementary School

1240 Lakeside Dr, Abilene, TX, 79602

Grades KG-5

1.27 miles away

D

Disciplinary Alternative Education Program

342 Cockerell Dr, Abilene, TX, 79601

Grades 6-12

0.93 miles away

D

Disciplinary Alternative Education Program

342 Cockerell Dr, Abilene, TX, 79601

Grades 6-12

0.93 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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