For Sale
$1,500,000

451 Pine StAbilene, TX 79601

Prime location, 97,000+ sq ft, vacant.

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Highlights

  • Prime location.
  • Opportunity Zone designation.
  • Tax Increment Reinvestment Zone (TIRZ) benefits.
  • C-PACE financing eligible.
  • Historic preservation potential.
  • 97,000+ square foot building.

Property Details for 451 Pine St

Property type
Retail properties, Office properties
Square Feet
97,151 SF
Class
D
Year Built
1954
Buildings
1
Stories
5
Lot Size (sq. ft)
27,878 SF
Units
90

Location Insight

City
Abilene
County
Taylor
State
Texas
Latitude
32.4531653
Longitude
-99.7322379
451 Pine St, Abilene, Texas

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451 Pine St
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