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    5601 Memorial Dr Abilene, TX 79606

    For Sale
    $750,000

    Prime 3.87-Acre Retail Site

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional 3.87-acre commercial property in Abilene, Texas presents a prime investment opportunity. Strategically located on Memorial Drive with direct access from Windmill Circle, it offers unparalleled visibility and convenient highway access. The property's location adjacent to Hendrick's Hospital, Sam's Club, and numerous restaurants ensures high foot traffic and a strong customer base. Zoned for general retail, this site is perfect for a variety of commercial developments, including shopping centers, leasable spaces, or mixed-use projects. Its flexible configuration allows for purchase as a whole or in five separate parcels, catering to diverse development plans. The area is experiencing significant growth, making this a highly desirable location for businesses seeking to capitalize on Abilene's expanding commercial sector. The property's proximity to major healthcare, retail, and dining establishments further enhances its appeal. This is an exceptional chance to acquire a well-positioned commercial property in a thriving Texas market with easy access to major roadways. Don't miss this opportunity to secure a piece of Abilene's burgeoning commercial landscape.

    Property Features for 5601 Memorial Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    168,577 SF
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Abilene
    County
    Taylor
    State
    Texas
    Longitude
    -99.74761
    Latitude
    32.3801

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 3.87-Acre Retail Site
    Where is this commercial real estate located?
    The property is located at 5601 Memorial Dr Abilene, TX.
    What is the asking price?
    The asking price for this property is $750,000.
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    5601 Memorial Dr Abilene, TX 79606
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5601 Memorial Dr Abilene, TX 79606
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