133 Cherry St Abilene, TX 79602

This exceptional 15,000-square-foot warehouse presents a compelling redevelopment opportunity in Abilene, Texas's vibrant downtown Opportunity Zone. Located at 133 Cherry St, 79602, this single-story, Class C industrial property sits on a 1.083-acre lot (APN 45652) and boasts two loading docks and a 24-foot ceiling height. Built in 1930, the warehouse offers significant potential for adaptive reuse, aligning with the area's revitalization efforts. The property is zoned for Light Industrial use, making it suitable for a variety of projects. The city actively supports redevelopment initiatives in this area, offering potential assistance with easements, road reconfigurations, and other redevelopment support for qualified projects. The asking price is $600,000 ($40/sq ft), representing a strong value proposition for investors seeking to capitalize on the growing demand for mixed-use development in this revitalized neighborhood. Note that a one-year lease-back is required upon purchase. This prime location benefits from the recent influx of new businesses and residential developments, creating a dynamic and attractive environment for future tenants and residents. The property's proximity to existing infrastructure and the city's commitment to redevelopment make this an exceptional investment opportunity.