38 Chadbourne St San Angelo, TX 76903

This exceptional opportunity presents a fully renovated, 4,250 square foot, single-story bar and art gallery located at 38 N Chadbourne St, San Angelo, TX. The property, built in 1910 and renovated in 2018, sits on a 23,589 square foot lot in the heart of the city's vibrant historic district, boasting high visibility and foot traffic. Currently operating at 100% occupancy since September 11, 2024, this turnkey operation includes all furniture, fixtures, and equipment, making it an ideal investment for an owner/user. The asking price is $1,500,000, representing a price per square foot of $352.94 and a pro-forma cap rate of 6.34%. The property's pro-forma NOI is $95,046. Zoned for CBD use, this Class C building offers a versatile space with endless potential, whether continuing as a wine bar and art gallery or adapting to a new concept. The property's APN is R000102920. This is a rare chance to acquire a piece of San Angelo's history and establish a thriving business in a dynamic downtown location.