451 PINE STREET, ABILENE, TX 79601

Homes for sale in Abilene.

Homes for sale in 79601.


451 Pine Street

Abilene, TX 79601

Active

List Price$1,500,000

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Listing #20981297

97,151

Square Feet

80

Number of Units

Commercial

Type

About This Property

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.

Property Features

Location Information

County

Taylor

Subdivision

Ot Abilene

Interior Features

Has Fireplace

No

Floors

Concrete

Heating

Other

Tenant Pays

None, Other

Cooling

Other

Total Number of Units

80

Exterior Features

Construction

Brick, Block

Lot Size in Sq. Ft.

28,009

Foundation

Slab

Possible Best Use

Automotive, Food Service, O

Roof

Tar/Gravel

Zoning

CB

Utilities

Sewer Available, Water Available

Building Total Area (Sq. Ft.)

97,151

Parking Description

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

Road Description

City Street, Asphalt

Has Garage

Yes

Is One Story

No

Lot Size in Acres

0.643

Additional Information

Year Built Details

Preowned

Status

Active

Property Type

COM

Tax Annual Amount

13875.0

Property SubType

Retail

Exclusions

PERSONAL PROPERTY

Year Built

1954

Lot Acres Source

Assessor

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Mortgage Calculator

$7,005

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$5,405

Monthly Tax

$1,250

Monthly Insurance

$350

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

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