451 PINE STREET, ABILENE, TX 79601
Homes for sale in Abilene.
Homes for sale in 79601.
451 Pine Street
Abilene, TX 79601
List Price$1,500,000
Listing #20981297
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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