817 2Nd StAbilene, TX 79602

  • Commercial real estate
  • 1,140 SF
For Sale
$725,000 View listing

Property Details for 817 2Nd St

Year built
1930
Lot size
0.41 AC
Property size (Sq ft)
1,140 SF
Property type
Commercial real estate
APN
70100011900
APU
70100011900

Description

This exceptional 3,250 square foot retail property, situated on a 0.29-acre lot at 817 S 2nd Street in Abilene, Texas, presents a rare investment opportunity. Currently operating as a highly successful Airbnb and event venue, this property boasts impressive features including soaring 24-foot ceilings, original exposed brick walls, a custom open-concept kitchen, and large windows that flood the space with natural light. The property's charm extends to its enchanting backyard courtyard, a magical space perfect for weddings and celebrations. This outdoor area features stained-glass windows from the original building, a large central fountain, a metal lathe table, a pergola, and a built-in speaker system. A separate side courtyard offers a covered balcony and an outdoor gas brick fireplace. The property's prime location within Abilene's vibrant SODA District offers proximity to thriving businesses such as KAO Lounge, The Mill Winery, Abilene Axe Company, Primal Brewing Company, Oak Street Arbor Venue, The Stairs, Oak Street Shoppe, Amendment 21, and Big Country Beer Garden. The property's strong financial performance is evident in its 2024 gross income from Airbnb and event rentals, totaling $75,250. This versatile property offers the potential to continue its current successful operation or be reimagined to suit a new concept. Adjacent to The Quarters on Pecan, this property offers a unique blend of urban living and income-generating potential, making it an ideal investment for a discerning buyer. The property is priced at $725,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $359,483
    Hospitality
    $329,284
    Educational
    $273,961
    Medical
    $283,383
    Retail
    $426,161

Location Insight

City
Abilene
County
Taylor
State
Texas
Latitude
32.4471
Longitude
-99.7318
CBSA code
10180
CBSA name
ABILENE, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,584
$11,440
$317,560
$329,000
-
$11,440
$317,560
$329,000

FAQs

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