Remarks

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.

Details

MLS#: 20981297
Price: $1,500,000

Style: Retail
Year Built: 1954

County: Taylor
Subdivision: Ot Abilene