Downtown Retail Buildings with
For Sale
$1,400,000
1274 N 2nd Street, Abilene, TX 79601
SINGLE_FAMILY - Abilene, TX
Property Size13,000 SF
Lot Size0.36 Acres
Price / SF$107.69
Days on Market56
Property Features for 1274 N 2nd Street
General Information
Property type
Residential
Property subtype
Retail
Zoning description
CB
Parking features
Parking Lot, On Street
Subdivision
Ot Abilene
Directions
Northeast corner of N 2nd and Hickory. From N 1st, head north on Cedar, then left on second. Property is on the right
Standard status
Active
APN
13637
Size
13,000 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Description
OT ABILENE TIF #1, BLOCK 24, LOT E25 FT OF W8
Tax Annual Amount
1588
Legal Description
OT ABILENE TIF #1, BLOCK 24, LOT E25 FT OF W8
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1915
Floors in Building
2
Number of units
2
Flooring type
Concrete, Linoleum, Wood
Building materials
Brick
Roof type
Flat
Listing Agency:
Whitten Real Estate
(325) 238-5969
Listed By:
Alex Whitten · License #0661990
260-3563
Added: Jun 5
Changed: Jul 27
Last Checked: Jul 30 at 4:06PM
MLS# 21191423
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This downtown offering includes two buildings and an additional parking lot, sold as three total parcels. The property is zoned CB.
The buildings comprise approximately 9,500 square feet total: 1274 N 2nd is a single-story building with approximately 2,500 square feet, and 241 Hickory is a two-story building with approximately 7,000 square feet. The included parking lot is approximately 6,000 square feet, with space for approximately 16 vehicles.
The location is described as being at a busy intersection between the Abilene Public Library and First Baptist Church, with access suited to day-to-day operations for a retail-oriented use.
The buildings comprise approximately 9,500 square feet total: 1274 N 2nd is a single-story building with approximately 2,500 square feet, and 241 Hickory is a two-story building with approximately 7,000 square feet. The included parking lot is approximately 6,000 square feet, with space for approximately 16 vehicles.
The location is described as being at a busy intersection between the Abilene Public Library and First Baptist Church, with access suited to day-to-day operations for a retail-oriented use.
Key Highlights
- Three total parcels include a parking lot with approx. 16 spaces totaling approx. 6,000 SF
- Two buildings totaling approx. 9,500 SF: 1274 N 2nd (single story, approx. 2,500 SF) and 241 Hickory (two story, approx. 7,000 SF)
- Zoned CB for commercial use in Abilene
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $171.6k | $13.20 |
| − Vacancy | −$13.7k | −$1.06 |
| EGI | $157.9k | $12.14 |
| − OpEx | −$47.4k | −$3.64 |
| NOI | $110.5k | $8.50 |
13,000 SF · lease $13.20/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.58M
$1.38M – $1.84M
NOI $110,510 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.90M
$2.54M – $3.39M
NOI $203,174 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,049
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79601, TX
26,515
Population
9,422
Households
2.8
Avg Household Size
32
Median Age
21%
College-Educated
84%
High-School Grad
263.0 sq mi
ZIP Area
101
Density / Sq Mi
$54,515
Median Household Income
$24,704
Median Earnings
$988
Median Rent
$182,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Floral Studio Event Design Boutique — 357 Walnut St, Abilene, TX 79601
- Team Flores — 200 Kirkwood St, Abilene, TX 79603
- Philpott Florist & Greenhouses — 1902 n 1st st, abilene, tx 79603
- The Florist on Hickory Street — 931 Hickory St, Abilene, TX 79601
Frequently Asked Questions
What type of property is this?
Storefront property - Two retail buildings plus an on-site parking lot, offered with three parcels and CB zoning.
Where is this storefront property located?
The property is located at 1274 N 2nd Street Abilene, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Three total parcels include a parking lot with approx. 16 spaces totaling approx. 6,000 SF; Two buildings totaling approx. 9,500 SF: 1274 N 2nd (single story, approx. 2,500 SF) and 241 Hickory (two story, approx. 7,000 SF); Zoned CB for commercial use in Abilene
