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3241 S 1st Street

Abilene, TX 79605
  • $1,600,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 14732726
UPDATED: 38 min ago
$1,600,000
  • 0
    BEDS
  • 1.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1964
County:
Area:

School Ratings & Info

Offered by John Hill of Barnett & Hill.

Description

Burro Alley is an iconic, 12-shop retail center in central Abilene. Oriented around a courtyard with fountain, each retail space allows tenants to their own entrance and identity - the reason 11 of the 12 retail spaces are leased. The lone vacancy was home to El Fenix - a popular Mexican food restaurant that closed in December of 2020. Independent of this listing, the owner of El Fenix is willing to discuss a sale of the business & the recipes that kept this restaurant an Abilene dining destination for 83 years. The restaurant's kitchen is renovated to code and is turnkey ready for occupancy whether a deal is negotiated for El Fenix or if a new owner brings an alternate dining concept to the space.

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© 2022 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Real Estate By Design | Keller Williams. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Real Estate By Design | Keller Williams are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-01-16T15:39:15.16.
www.rebdgroup.com/homes/124386863
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3241 S 1st Street Abilene, TX 79605

  • Price: $1,600,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 38 min ago
  • MLS #: 14732726
0
Beds
0
Baths
0
½ Baths
1.39
Acres
1964
Built
Neighborhood:
Scott Hwy Place
County:
Taylor
Area:
Abilene
Property Description
Burro Alley is an iconic, 12-shop retail center in central Abilene. Oriented around a courtyard with fountain, each retail space allows tenants to their own entrance and identity - the reason 11 of the 12 retail spaces are leased. The lone vacancy was home to El Fenix - a popular Mexican food restaurant that closed in December of 2020. Independent of this listing, the owner of El Fenix is willing to discuss a sale of the business & the recipes that kept this restaurant an Abilene dining destination for 83 years. The restaurant's kitchen is renovated to code and is turnkey ready for occupancy whether a deal is negotiated for El Fenix or if a new owner brings an alternate dining concept to the space.
Exterior Features

Construction Materials Walls BrickPlaster Foundation Slab Parking Or Garage Common LotFrontOutside EntryRearUnassigned Spaces Road Frontage Type AsphaltCityCurbs/GuttersSidewalkU.S. Highway Roof MetalTar/Gravel

Interior Features

Ceiling Height 8 To10 Feet Commercial Features ColumnsComputer ReadyCooler/FreezerFire Alarm Flooring Ceramic Tile Heating Central Air-ElecCentral Heat-GasOtherWindow Unit Sq Ft Building 17004 Sq Ft Gross 60601 Sq Ft Leasable 17004

Property Features

Building Area Source Tax Building Use Bar/TavernsBeauty/BarberFood ServiceOfficeRestaurantRetail Commercial Zoning Gc Construction Status Preowned Gross Annual Expenses 13574 Gross Annual Income 81900 Inclusions Building Only Leasable Spaces 12 Leased Spaces 11 Lot Size Source Tax Multi Zoning No Municipal Utility District Yes Net Annual Income 68326 Occupancy Rate 80 Owner Pays ElectricGasInsuranceLawn CareMaintenanceTaxesWater/Sewer/Trash Possession Closing/Funding Property Type Com-Sale Proposed Financing CashConventional Tenant Pays Other Total Annual Expenses Include Taxes Unexempt Taxes 13574 Utilities Mud SewerMud Water Will Subdivide No

Listing information © 2022 North Texas Real Estate Information System.


© 2022 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Real Estate By Design | Keller Williams. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Real Estate By Design | Keller Williams are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-01-16T15:39:15.16.
 
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Real Estate By Design | Keller Williams
2434 Lillian Miller Pkwy
Denton TX, 76205
Offered by John Hill of Barnett & Hill.