451 Pine ST Active Save Request In-Person Tour Request Virtual Tour
Abilene,TX 79601
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
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20981297