451 Pine StAbilene, TX 79601

Property Details for 451 Pine St

Year built

1954

Lot size

0.64 AC

Property size (Sq ft)

97,151 SF

Property type

Commercial real estate

APN

70100029400

APU

70100029400

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $30,635,200

  Hospitality

  $28,061,678

  Educational

  $23,346,986

  Medical

  $24,149,926

  Retail

  $36,317,536

Location Insight

City

Abilene

County

Taylor

State

Texas

Latitude

32.4532

Longitude

-99.7323

CBSA code

10180

CBSA name

ABILENE, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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