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$1,500,000

Est. payment - /mo

97,151 SqFt

New

451 Pine ST Abilene, TX 79601

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Katie Miller

WestLand Realty Group, brokered by REAL

katie@westlandrg.com +1(254) 498-0097

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 97,151 sqft

Price per Sqft $15

Subdivision Ot Abilene

MLS Listing ID 20981297

HOA Y/N No

Year Built 1954

Annual Tax Amount $13,875

Lot Size 0.643 Acres

Acres 0.643

Property Sub-Type Retail

Property Description

Broker-Owner offering a prime redevelopment opportunity on this vacant 97,151 square foot mixed use high-rise. This building sits in the heart of the city center and on the premier corner in the highly sought-after cultural district of downtown Abilene. This property is in an Opportunity Zone, Tax Increment Reinvestment Zone – TIRZ, and is C-Pace eligible. May also meet requirements for a Historical Designation. Asbestos survey and current floor plan in hand. The structure boasts five floors of possibilities with retail and office units on the ground floor along with a parking garage that is approximately 10,000 sqft. The building has traditionally been office and multi-functional space on floors 2 through 5. The adjacent building is the historic Windsor Hotel which has recently been renovated and offers 80 apartments with amenities, retail, bar, coffee shop, and more. Other neighbors include the U.S. Post Office-Federal Building, First Financial Bank Headquarters, City Hall, Health Department, ACE Hardware, Dollar Tree, Abilene Convention Center, Double Tree by Hilton Hotel, multiple restaurants, bars, and shopping opportunities all within walking distance. There is limitless opportunity with this property with a rich history surrounding its formation. We are looking for someone with vision who can usher in a new chapter for this diamond in the rough.

Location

State TX

County Taylor

Zoning CB

Direction PROPERTY IS LOCATED ON THE CORNER OF N 5TH AND PINE

Interior

Heating Other

Cooling Other

Flooring Concrete

Inclusions Building Only, Land & Improvements

Fireplace No

Exterior

Parking Features Door-Multi, Garage, Garage Faces Rear, Garage Faces Side

Utilities Available Sewer Available, Water Available

Water Access Desc Public

Roof Type Tar/Gravel

Street Surface Asphalt

Road Frontage City Street

Garage Yes

Building

Story 5

Foundation Slab

Sewer Public Sewer

Water Public

Others

Tax ID 24694

Special Listing Condition Standard

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Katie Miller

Broker Associate, Team Lead | License ID: 711670

+1(254) 498-0097

451 Pine ST Abilene, TX 79601

Katie Miller

Key Details

Location

Interior

Exterior

Building

Others

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451 Pine ST