For Sale
$1,500,000

901 1St StAbilene, TX 79602

Four-story office building, vacant, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional four-story office building, totaling 45,252 square feet of net rentable space, presents a remarkable investment opportunity in Abilene, Texas. Located at 901 S 1st St, this Class B property boasts a prime location with excellent visibility and accessibility. Built in 1922 with a significant 2006 renovation and expansion to the west side, the building offers a blend of historic charm and modern functionality. The property features a mix of executive offices, open spaces, and ample room for customization to suit diverse business needs. Each floor includes convenient elevator access and restrooms. Parking is abundant, including a dedicated lot with 29 spaces (CAD Parcel ID #57276) and significant additional public and street parking nearby. Currently vacant, this 1-unit building sits on a 0.323-acre lot (APN: 57132 & 57276) and is zoned CB. Priced at $1,500,000 ($33.15/sq ft), this property offers significant value, particularly considering its size and location. The building is largely in good condition, requiring only typical updates such as electrical and HVAC repairs, along with cosmetic improvements like flooring and paint. This presents an ideal opportunity for owner-users seeking to occupy a portion of the space while leasing the remainder for additional income. The property's location within a developing area suggests strong potential for long-term appreciation and revenue growth.

Highlights

  • High-visibility Abilene location with excellent accessibility and additional parking lot on S. 1st Street.
  • Exceptional value at $33/sq ft, near shell price.
  • Owner-user opportunity: occupy a portion while leasing the remainder.
  • Good structural condition; needs electrical, HVAC, and cosmetic updates.
  • Strong growth potential in a developing area.

Property Details for 901 1St St

Property type
Office properties
Square Feet
45,252 SF
Class
B
Year Built/Renovated
1922/2006
Buildings
1
Stories
4
Lot Size (sq. ft)
14,070 SF
Units
1

Location Insight

City
Abilene
County
Taylor
State
Texas
Latitude
32.448588674173
Longitude
-99.732635569345
901 1St St, Abilene, Texas

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901 1St St
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