141 Oak Street new Save Request In-Person Tour Request Virtual Tour
Abilene,TX 79602
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Ot Abilene
MLS Listing ID 20976123
Total Fin. Sqft 13500
Year Built 1923
Annual Tax Amount $19,881
Lot Size 7,013 Sqft
Acres 0.161
Property Sub-Type Retail
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!
Location
State TX
County Taylor
Zoning Central Business
Direction 141 Oak Street in South Downtown Abilene between Oak Street Shoppe & Oak Street Arbor.
Interior
Heating Central,Natural Gas
Cooling Central Air,Electric
Flooring Concrete,Wood
Heat Source Central,Natural Gas
Exterior
Utilities Available Alley,Cable Available,City Sewer,City Water,Electricity Connected,Natural Gas Available,Sewer Available
Roof Type Other
Garage No
Building
Foundation Slab
Structure Type Brick
Others
Ownership BDST Investments LLC
Acceptable Financing 1031 Exchange,Cash,Conventional,Other
Listing Terms 1031 Exchange,Cash,Conventional,Other
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20976123