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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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401 Westwood Dr , Abilene, TX 79603
$175,000
Est. Payment: $982.93/mo
5064 Sqft
0.64 Acres
Status: active option contract | Days on site: 129
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House Description

Former Grandy’s Restaurant offering a redevelopment opportunity in one of Abilene’s most recognizable commercial corridors. The property offers strong traffic counts and visibility, an existing drive-thru configuration, and substantial restaurant infrastructure. Recent improvements include a replaced flat TPO roof, additional roofing repairs, and replacement of several windows. The property is not currently operational and will require substantial rehabilitation, including significant electrical work and repair, replacement, or reconfiguration of HVAC equipment. Buyers should independently evaluate the condition and cost of all building systems and improvements. Existing restaurant features include walk-in freezer and cooler areas, commercial kitchen infrastructure, drive-thru, and other improvements that may provide meaningful value to a future restaurant user. The building may also offer potential for retail, office, medical, specialty, or other commercial uses, subject to buyer verification and applicable approvals. For a buyer prepared to take on the necessary work, this is an opportunity to repurpose an established commercial site rather than starting from the ground up.

Highlights

Listed by Shay Senter , Better Homes & Gardens Real Es , North Texas Real Estate Information Systems

Property Type

Commercial Sale

Lot/Acreage
0.64

Year Built

1983

County

Taylor

Neighborhood

Sambos Restaurant Inc

Listing ID

21288484

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Interior Features

Air Cond:Ceiling Fan(s),Electric
Fireplaces:
Floor:Concrete,Tile

Exterior Features

Lot:.5 to < 1 Acre
Zoning:GR
Roof:Flat
Others:
  • ▪ Additional:Preowned
Parking Features:Parking Lot,Paved
Principal Interest
$983
Taxes
$1,333

Home Price

$175,000

Loan Details

30 yrs
7.542%

Down Payment

20%
$35,000
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Monthly Price:
$982.93

Principal

Taxes

Principal Taxes HOA Total
Monthly $982.93 $1,333.42 $0.00 $2,316.35
Yearly $11,795.16 $16,001.00 $0.00 $27,796.16
Total $353,854.73 $480,030.00 $0.00 $833,884.73

Today's Rates

30 Year

7.54%

20 Year

7.2%

15 Year

6.73%

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Market insight data is pulled from the same city as the listing being viewed (Abilene, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-11T16:08:32.810Z

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