Historical Mixed-Use Property in
For Sale
$1,400,000
1274 N 2nd Street, Abilene, TX 79601
Historic Abilene property with mixed-use potential and parking.
Property Size9,500 SF
Lot Size0.14 Acres
Price / SF$147.37
Days on Market105
Property Features for 1274 N 2nd Street
General Information
Standard status
Active
Size
9,500 SF
Lot size
0.14 Acres
Property subtype
Commercial
Building Details
Year Built
1915
Listing Agency:
Whitten Real Estate
(325) 260-3563
Listed By:
Alex Whitten · License #0661990
(325) 260-3563
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Aug 3 at 12:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Whitten Real Estate
Investment Insights
Based on property information with market context.
This property offers an opportunity to own a piece of Abilene history in the heart of downtown. Formerly the home of Abilene Printing & Stationary, the oldest business in Abilene, Texas, the sale includes three parcels, one of which is a parking lot with approximately 16 spaces. Situated at a busy intersection between the Abilene Public Library and First Baptist Church, the property consists of two buildings totaling approximately 9,500 square feet, complemented by a 6,000-square-foot parking lot, according to the central appraisal district. Zoned CB, the property offers the potential for conversion into various business types or repurposing for multi-use. One building, located at 1274 N 2nd, is a single-story structure with approximately 2,500 square feet. The other building, located at 241 Hickory, is a two-story building with approximately 7,000 square feet. The property offers possibilities for adding to the rich history of this historical location.
Key Highlights
- Prime downtown location at a busy intersection near the Abilene Public Library and First Baptist Church.
- Zoned CB, allowing for diverse business or multi‑use repurposing.
- Includes three parcels: two buildings totaling approximately 9,500 sqft and a parking lot with approximately 16 spaces (6,000 sqft).
Financial Insights For Office B
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 | $165.3k | $17.40 |
| − Vacancy | −$24.8k | −$2.61 |
| EGI | $140.5k | $14.79 |
| − OpEx | −$35.1k | −$3.70 |
| NOI | $105.4k | $11.09 |
9,500 SF · lease $17.40/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.51M
$1.32M – $1.76M
NOI $105,379 @ 7.0% cap · market cap 7.53%
Second Best
Mixed Use
$1.39M
$1.22M – $1.62M
NOI $97,256 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$2.12M
$1.86M – $2.47M
NOI $148,474 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,049
Businesses Nearby
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
Properties on Market for Mixed-use properties in Abilene
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic Abilene property with mixed-use potential and parking.
Where is this mixed-use 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: Prime downtown location at a busy intersection near the Abilene Public Library and First Baptist Church.; Zoned CB, allowing for diverse business or multi‑use repurposing.; Includes three parcels: two buildings totaling approximately 9,500 sqft and a parking lot with approximately 16 spaces (6,000 sqft).
