451 Pine St Abilene, TX 79601

This exceptional redevelopment opportunity presents a unique chance to acquire a substantial mixed-use property in the heart of Abilene, Texas. Located at 451 Pine St, this five-story, 97,151 square foot building sits on a 0.64-acre lot (APN 24694) and offers a compelling blend of retail, office, and garage space. Currently vacant, the property boasts 90 units, including approximately 10,000 square feet of ground-floor parking. The upper four floors have historically served as office and multi-functional space, with 14 retail units on the ground floor. Built in 1954, this Class D building presents a blank canvas for a visionary developer. Its strategic location within Abilene's cultural district places it in close proximity to key landmarks, including the recently renovated Windsor Hotel, the U.S. Post Office/Federal Building, First Financial Bank Headquarters, City Hall, and numerous restaurants, bars, and shops. The property benefits from its designation within an Opportunity Zone and a Tax Increment Reinvestment Zone (TIRZ), and is C-Pace eligible. It may also qualify for a Historical Designation, adding further investment potential. The asking price is $1,500,000 ($15.44/sq ft). This is a rare chance to contribute to the ongoing revitalization of downtown Abilene while capitalizing on a significant real estate opportunity. The permitted zoning is CB.