For Sale
$1,100,000

2117 1St StAbilene, TX 79605

High-Traffic Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 3,500 square foot convenience store and gas station, built in 2007 and renovated in 2023, presents a compelling value-add opportunity in Abilene, Texas. Located on a high-visibility corner lot (24,131 sq ft) on one of the city's busiest roads, boasting over 18,000 vehicles per day, this property offers significant potential for increased profitability. The eight gas pumps are currently under a fuel contract with 14 months remaining and a low buyout option, allowing for potential rebranding and improved margins. Current pricing is considered below replacement cost, presenting a strong return on investment. Prior mismanagement and distant ownership have resulted in uncompetitive fuel pricing, creating a clear path to significant revenue growth through strategic operational improvements. The property's prime location, multiple access points, and high visibility ensure consistent customer traffic. This owner/user investment is priced at $1,100,000 and represents a rare chance to acquire a well-situated retail property with substantial upside.

Highlights

  • $1,100,000 asking price for this 3,500 SF retail property in Abilene, TX.
  • Owner/user investment opportunity, featuring a convenience store and gas station.
  • Built in 2007, renovated in 2023, situated on a 24,131 SF lot with 8 gas pumps.
  • Prime location on a high-traffic road (18,000+ vehicles daily), offering high visibility and multiple access points.
  • Value-add potential due to below-replacement-cost pricing and opportunity to optimize fuel pricing.
  • 14 months remaining on fuel contract with a low buyout option for rebranding.

Property Details for 2117 1St St

Property type
Retail properties, Grocery and convenience stores
Square Feet
3,500 SF
Year Built/Renovated
2007/2023

Location Insight

City
Abilene
County
Taylor
State
Texas
Latitude
32.4496174
Longitude
-99.7484945
2117 1St St, Abilene, Texas

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2117 1St St
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