Abilene, TX 79602,141 Oak Street
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141 Oak Street Abilene, TX 79602

7,013 Sqft Lot


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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


North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Timothy Smith • Barnett & Hill
agent

Mike Perry

Founding Partner | License ID: 0603456

+1(214) 418-8526

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141 Oak Street