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Retail Space in High-Traffic Area
For Lease
$25.71 SF/Yr

1638 Hwy 351, Abilene, TX 79601

Retail space available in front of Walmart on Hwy 351.

Space Size1,500 SF
Days on Market149

Property Features for 1638 Hwy 351

General Information

Standard status Active
Size 1,500 SF
Property subtype Retail
Zoning PD
Lease Term NNN

Building Details

Building Size 1,500 SF

Spaces For Lease

at 1638 Hwy 351
1638 Hwy 351 $25.71/SF/Yr
Size 1,500 SF
Type Strip Center
Term 36 - 120 months
Contact us
Listing Agency: Paul Johnson & Associates
Listed By: Matthew Muzechenko · License #TX #570282
Source: Pauljohnsonrealtors
Added: May 27 Changed: Oct 11 Last Checked: Oct 20 at 7:25PM

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 Paul Johnson & Associates

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Investment Insights

Based on property information with market context.

This retail space is located on Highway 351 in front of Walmart, adjacent to Chili’s and Dairy Queen. Situated in the Red Armadillo Market Center area of Abilene, Texas, the location is suitable for retail and street retail tenants. The property benefits from a high-traffic location, attracting local residents and visitors.

Key Highlights

  • Prime location on Hwy 351 in front of Walmart
  • High‑traffic area with steady flow of local residents and visitors
  • Adjacent to Chili’s and Dairy Queen

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Hair Salon Building Supply Electrical Service Spa & Massage Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.86 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

216
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Abilene, TX

$26.34 /SF/Yr
Avg Asking Price
$11.28–$32.73 /SF/Yr
Price Range
7,928 SF
Avg Space Size

This space is priced 2% below the average of $26.34 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Retail space available in front of Walmart on Hwy 351.
Where is this retail space located?
The property is located at 1638 Hwy 351 Abilene, TX.
What is the lease rate?
The lease rate is $25.71 SF/Yr.
What are key features of this property?
This property features: Prime location on Hwy 351 in front of Walmart; High‑traffic area with steady flow of local residents and visitors; Adjacent to Chili’s and Dairy Queen
More about this property
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