224 Leggett DrAbilene, TX 79605

For Sale
$548,000 View listing
  • Commercial real estate
  • 8,422 SF

Property Details for 224 Leggett Dr

Year built
1956
Lot size
1.24 AC
Property size (Sq ft)
8,422 SF
Property type
Commercial real estate
APN
A0322002300
APU
A0322002300

Description

This exceptional 8,422 square foot creative office building, located at 224 S Leggett Dr, Abilene, TX 79605, presents a compelling value-add investment opportunity. The property, built in 1956, is classified as a Class C building and boasts a desirable location within the Leggett Office Complex, offering excellent frontage on S Leggett Drive. The asking price is $548,000, translating to $65.07 per square foot. The property sits on a 0.85-acre lot (approximately 37,026 square feet), zoned GC General Commercial, allowing for diverse uses. Currently, the area features a mix of professional office and medical tenants, along with various service providers, indicating a strong and established commercial presence. This income-producing property is professionally managed and offers significant potential for future growth and enhancement. The property is being sold as-is, and additional land may be available for separate purchase, subject to negotiation. This presents a unique chance to acquire a well-situated commercial property in a thriving Abilene neighborhood. Detailed financial information and property specifics are available upon request.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,655,759
    Hospitality
    $2,432,661
    Educational
    $2,023,946
    Medical
    $2,093,552
    Retail
    $3,148,360
224 Leggett Dr, Abilene, Texas

Location Insight

City
Abilene
County
Taylor
State
Texas
Latitude
32.4496
Longitude
-99.771
CBSA code
10180
CBSA name
ABILENE, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,458
$80,976
$69,024
$150,000
-
$80,976
$69,024
$150,000

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