Listing ID14732726
Price$1,400,000
StatusActive
square feet
17,004
Acres
1.391
countyTaylor
SubdivisionScott Hwy Place
Year Built1964
Property TypeCommercial
Property Sub TypeOffice
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.
county
Taylor
Property Sub Type
Office
Property Type
Commercial
Subdivision
Scott Hwy Place
Year Built
1964
Zoning
GC
Ceiling Height
8 to10 Feet
Cooling
Central Air, Electric, Other, Window Unit(s)
Flooring
Ceramic Tile
Heating
Central, Natural Gas, Other
SqFt Gross
60601
Stories Total
2
Construction Materials Walls
Brick, Plaster
Foundation Details
Slab
Garage
no
Lot Size
1 to < 3 Acres
Lot Size Area
1.391
Lot Size Source
Assessor
Lot Size Square Feet
60591.96
Lot Size Units
Acres
Number Of Units Total
12
Parking Features
Common, Garage Faces Front, Garage Faces Rear, Unassigned
Property Attached
no
Road Frontage Type
City Street, Curbs/Gutters, Highway, Sidewalk
Road Surface Type
Asphalt
Roof
Metal, Tar/Gravel
Utilities
MUD Sewer, MUD Water
Building Area Source
Assessor
Building Area Total
17004
Community Features
Curbs
Country
United States
Directions
Willis & S 1st
Multi Zoning
no
Building Use
Bar/Taverns, Beauty/Barber, Food Service, Office, Restaurant, Retail
Commercial Features
Columns, Computer Ready, Cooler/Freezer
Municipal Utility District
yes
Property Match
APN
Second Mortgage
no
Status
Active
US Property MUI
401745723
Will Subdivide
No
Year Built Details
Preowned
Auction
no
Current Price/Lot Size
1006470.16535
Gross Annual Expenses
13574
Gross Annual Income
81900
Leasable Area
17004
Listing Terms
Cash, Conventional
Net Operation Income
68326
Number Of Leaseable Spaces
12
Number Of Spaces Leased
11
Operating Expense Includes
New Tax
Owner Pays
Electricity, Gas, Insurance, Grounds Care, Sewer, Taxes, Trash Collection, Water
Possession
Closing/Funding
Tax Block
18
Tax Lot
5-13
Tenant Pays
Other
Transaction Includes
Building Only
Unexempt Taxes
13574
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