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$ 1,500,000
Est. payment | /mo
0.64 Acres Lot
$ 1,500,000
Est. payment | /mo
0.64 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Ot Abilene
MLS Listing ID 20981297
Total Fin. Sqft 97151
Year Built 1954
Annual Tax Amount $13,875
Lot Size 0.643 Acres
Acres 0.643
Property Sub-Type Retail
Property Description
Broker-Owner offering a prime redevelopment opportunity on this vacant 97,151 square foot mixed use high-rise. This building sits in the heart of the city center and on the premier corner in the highly sought-after cultural district of downtown Abilene. This property is in an Opportunity Zone, Tax Increment Reinvestment Zone – TIRZ, and is C-Pace eligible. May also meet requirements for a Historical Designation. Asbestos survey and current floor plan in hand. The structure boasts five floors of possibilities with retail and office units on the ground floor along with a parking garage that is approximately 10,000 sqft. The building has traditionally been office and multi-functional space on floors 2 through 5. The adjacent building is the historic Windsor Hotel which has recently been renovated and offers 80 apartments with amenities, retail, bar, coffee shop, and more. Other neighbors include the U.S. Post Office-Federal Building, First Financial Bank Headquarters, City Hall, Health Department, ACE Hardware, Dollar Tree, Abilene Convention Center, Double Tree by Hilton Hotel, multiple restaurants, bars, and shopping opportunities all within walking distance. There is limitless opportunity with this property with a rich history surrounding its formation. We are looking for someone with vision who can usher in a new chapter for this diamond in the rough.
Location
State TX
County Taylor
Zoning CB
Direction PROPERTY IS LOCATED ON THE CORNER OF N 5TH AND PINE
Interior
Heating Other
Cooling Other
Flooring Concrete
Heat Source Other
Exterior
Utilities Available Alley, Asphalt, City Sewer, City Water
Roof Type Tar/Gravel
Garage No
Building
Foundation Slab
Structure Type Block,Brick
Others
Ownership ABILENE PETROLEUM CENTER LLC
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20981297
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Listed by David Tamez • White Buffalo Property sol LLC
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Cathy Waters
REALTOR® | Lic# 577366