For Sale
$875,000

473 Cypress StAbilene, TX 79601

Historic Charm, Prime Location, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional two-story office building, located at 473 Cypress Street in Abilene, Texas, presents a unique investment opportunity. Spanning 14,000 square feet on a 0.15-acre lot, this fully leased property boasts a prime location in the heart of Abilene's historic downtown, just steps from the Abilene Convention Center, the First Financial building, and the new DoubleTree by Hilton hotel. Built in 1954, the building retains its historic charm with meticulously maintained features, including iconic terrazzo floors in the common areas. The property offers 24 private offices, two conference rooms, three classrooms, and three breakrooms, along with full-service bathrooms on both floors. Its strategic corner location at Cypress and North 5th streets offers unparalleled visibility and benefits from the city's planned expansion of Cypress Street. Currently fully leased, this property provides immediate income and significant value-add potential for investors seeking to capitalize on Abilene's thriving market. The asking price is $875,000, representing a price per square foot of $62.50. This is a rare chance to acquire a piece of Abilene's rich heritage while enjoying modern functionality and a strong return on investment. The property's zip code is 79601.

Highlights

  • Prime downtown Abilene location, one block from the Abilene Convention Center, First Financial building, and the new DoubleTree hotel.
  • Fully leased, offering immediate income and value-add potential in a thriving market.
  • 24 private offices.
  • 2 conference rooms.
  • 3 classrooms and 3 breakrooms.
  • Full-service bathrooms on both floors.

Property Details for 473 Cypress St

Property type
Office properties
Square Feet
14,000 SF
Year Built
1954
Lot Size (sq. ft)
6,534 SF

Location Insight

City
Abilene
County
Taylor
State
Texas
Latitude
32.4534817
Longitude
-99.7335226
473 Cypress St, Abilene, Texas

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473 Cypress St
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